A recent report by the Office of Tax Simplification (OTS) contains a number of recommendations to deliver “a more coherent and understandable structure” to inheritance tax. These recommendations have been put to the government to consider and have not yet been acted upon but it does certainly highlight scope for change to the current rules that are complex and often misunderstood.
Legal Resources and News
Read jargon-free articles and guidance pieces written in-house by our solicitors and keep up to date with what's happening at Neves.
We are delighted to have been shortlisted for the Regional Conveyancing Firm of the Year category in the LFS Conveyancing Awards 2019. This will be the 8th Annual Conveyancing awards, making it the largest, most respected and most prestigious conveyancing awards.
Purchasing a property with your husband, wife or partner is an exciting milestone for many making it easy to look no further than getting your hands on the keys. How many of us stop to consider what happens to that property in the event the relationship breaks down in the future? It is not a particularly pleasant thought but nevertheless, it is a notion of importance, especially in the event of unequal contributions towards the property purchase.
For many years, lawyers have advised their clients that there was no point in drawing up prenuptial agreements before the couple married or agreements to regulate their finances after they married. This was because divorce courts would not be bound by them.
An agreement for disagreement? A reminder of the importance of ensuring certainty when contracting with third parties.
The recent Court of Appeal judgement in the case of Morris v Swanton Care & Community Ltd [2018] EWCA Civ 2763 found that an earn-out provision in a share purchase agreement contained an unenforceable clause that rendered the agreement as nothing more than just an “agreement to agree”.
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