You may be unaware that the way you own your home with your partner or spouse will affect how it is passed on when you die. There are two main types of joint home ownership in the UK: Joint tenancy Tenancy in common Both of these ownership structures have their own advantages, depending on your […]
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It’s not an April fool’s prank when I say that vehicle tax goes up on the 1 April 2021. In the revised fee rate schedule you will see the bandings for each vehicle type. It is well worth familiarising yourself with these tax bands, especially if you are planning to make a new car purchase, […]
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As we gradually move to more unlocking of restrictions, we will be seeing an increase in vehicle movement, whether that be for the school run, commuting and in the ever-important logistics sector. The logistics sector has continued to operate throughout the restrictions in providing the essential supply chain for all goods and services that are […]
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The pandemic has placed enormous financial pressure on households across the UK and the economy in general. Repeat lockdowns have had huge ramifications for businesses and individuals alike. One of those ramifications is the pressure placed on couples and families who are cooped up together for the duration of these lockdowns. Studies have shown that […]
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Changes to the controversial IR35 ‘off-payroll’ tax rules are to finally go ahead in April after being delayed for a year due to the COVID-19 crisis. These rules, originally brought in by HMRC in 1999, are designed to crack down on a tax loophole that allowed ‘deemed employees’ – i.e. freelance contractors working for a […]
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It’s important for a tenant to understand its obligations on returning a premises to the landlord at the end of the term, before completion of the lease. The yielding up clause deals with this obligation and typically provides that a tenant has to return the premises in a good repair and condition, or otherwise in […]
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