06 Mar 2019

MATRIMONIAL: Family trusts are not a soft target for litigants, says judge

Family law experts discuss the judgment in Daga v Bangur handed down at the end of last year, of great interest to trustees who are caught up in financial proceedings on a divorce. Holman J dismissed the husband's claims on assets of GBP17.5 million in two discretionary trust funds, of which the wife was the settlor and a beneficiary, noting that the trustees were highly unlikely to make funds available to benefit the husband even if ordered to do so.
14 Jan 2019

Implications of Martin case on company valuations

Expert comment is appearing on the important matrimonial case of Martin v Martin (2018 EWCA Civ 2866), in which the England Wales Court of Appeal had to value shares in a private company founded by one of the spouses before they cohabited.
11 Jan 2019

Cashing in customer loyalty points after death

The Independent has done some research on various retailers' policies on dealing with loyalty points accrued by deceased customers. It notes that British consumers accumulate an average of GBP122 each year, making a potentially significant addition to their estate - if they can be realised, because not all retailers allow their customers to bequeath their points.
04 Jul 2018

Tax changes have triggered sell-off of private rentals

Research from the Residential Landlords Association suggests that 133,000 dwellings will be taken out of the English private rental sector during the coming year. The main cause is legislation restricting landlords' mortgage interest relief to the basic rate of income tax, and the 3 per cent stamp duty surcharge on the purchase of additional homes.