Stamp duty surcharge triggers slump in tax receipts from luxury home sales south of the border

Former Chancellor George Osborne's introduction of a 3 per cent Stamp Duty (Land and Buildings Transaction Tax in Scotland) surcharge on second properties from April 2016 caused a dramatic fall in HMRC’s revenues from the tax, according to…

Making a will

A recent English case has highlighted the importance of taking professional advice when preparing your Will. Raymond White was diagnosed with terminal cancer in 2010. Shortly before his death, he instructed a firm of solicitors to draw up…

Rights of cohabitating couples

Succession for unmarried couples has come under the spotlight after a recent landmark decision by the UK Supreme Court which considered the pension entitlement of a cohabitee. Miss Brewster cohabited with her partner, Mr McLellan, for 10…

Make the most of new Inheritance Tax rules as soaring house values push IHT receipts to almost £5bn

Inheritance tax (IHT) paid by UK families has topped £5bn a year for the first time in history. People often assume that IHT only applies to the very rich, but a record number of middle-class families are affected as a result of soaring…

Miller Hendry’s £4645 boost for Will Aid scheme

Miller Hendry’s £4645 boost for Will Aid scheme After taking part in the most recent Will Aid campaign, Miller Hendry raised £4645 for nine of the UK’s best loved charities – SCIAF (Scotland), ActionAid, Age UK, British Red Cross, Christian…

A new digital age in will making.

Brisbane Supreme Court, Australia recently decided that an unsent text message detailing how a man wished for his estate to be divided was a valid Will. Could this be a turning point leading to digital Wills being accepted in Scotland? In…

Agricultural and business clients - How can you utilise IHT reliefs?

The Government has recently carried out research to gain information on how much people with business and agricultural interests know about the Inheritance Tax (IHT) reliefs available to them. The research found that, for the vast majority,…

Updating Scotland's land register

All title deeds regarding ownership of land in Scotland must be registered with Registers of Scotland in Edinburgh. Currently, there are two registers. The Register of Sasines began in the 17th century and was the first land register in the…