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Sep 11, 2024 | 
lexology.com | Isobel D'Inverno |Bob Langridge
The Chancellor launched a call for evidence in relation to the tax treatment of carried interest. The call for evidence closed on 30 August 2024. Further announcements about the taxation of carried interest are expected on Budget Day (30 October 2024). Carried interest is a form of performance-related reward received by fund managers, primarily within the private equity industry.
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Jul 31, 2024 | 
lexology.com | Isobel D'Inverno |Bob Langridge |Karen Davidson |Alan BaRr |Alan Barr |Neil D Ritchie | +5 more
In a statement to Parliament on Monday 29 July 2024 Rachel Reeves, the Chancellor of the Exchequer, confirmed that her first Budget will be delivered on Wednesday 30 October, and announced a number of significant tax changes.
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Jun 26, 2024 | 
lexology.com | Graeme Leith |Bob Langridge
On 28 May we were very pleased to be able to share our thoughts and insights with an online audience on the current state of the natural capital market in the United Kingdom, and the ways in which this may develop in the coming years. For those who were not able to watch on the day the recording of the webinar can still be accessed.
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Jun 4, 2024 | 
lexology.com | Clive Phillips |Kirsty Macpherson |Bob Langridge |Graeme Leith
Click here to watch the videoRecent developments, including the UK Government's spring budget, the publication of the Land Reform (Scotland) Bill and the Scottish Government's revised carbon emissions targets, are changing the landscape for natural capital opportunities for landowners, developers and investors alike.
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May 1, 2024 | 
lexology.com | Bob Langridge |Scott Bell
Click here to watch the video In this webinar, Bob Langridge and Scott Bell aimed to demystify the LBTT treatment of leases and answered some frequently asked questions including: three yearly, assignation and termination returns – the importance of "effective" and "relevant" dates; transitional leases – SDLT and stamp duty leases entering the LBTT regime; dealing with uncertain rents; aariations to leases – extensions vs surrender and regrant; and Opco / Propco structures and the exempted...
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Mar 15, 2024 | 
lexology.com | Bob Langridge |Isobel D'Inverno |Alan BaRr |Alan Barr
Click here to watch the videoThis session provided an overview and expert analysis of the new ADS legislation which will come in to force from 1 April 2024. The webinar covered:background to the ADS changes;transitional Rules – how the new rules will come in to force;the new 36-month time limits;joint buyers and single economic units; andnew reliefs for inherited properties and separating couples.
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Mar 6, 2024 | 
lexology.com | Karen Davidson |Isobel D'Inverno |Bob Langridge |Alan BaRr |Alan Barr |Neil D Ritchie | +4 more
Here are our top tax takeaways from the UK Spring Budget 2024 delivered today by Chancellor Jeremy Hunt. 1. Phased abolition of non-dom tax status. From 6 April 2025, people who qualify as resident non-doms will avoid being taxed on their foreign income and gains for only four years after their arrival.
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Mar 6, 2024 | 
lexology.com | Bob Langridge
One of the surprise announcements from today's budget was the abolition of SDLT multiple dwellings relief (MDR) from 1 June 2024. What is SDLT MDR? It is a relief for buyers of residential property in England and Northern Ireland that applies when two or more dwellings (houses, flats etc…) are acquired in a single transaction or in several linked transactions.
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Feb 22, 2024 | 
lexology.com | Bob Langridge
ADS Changes – Family SeparationsThis is our fourth blog on the changes to the ADS legislation that are likely to come into effect on 1 April 2024. In this blog we look at the new provisions around divorcing and separating couples. Why are the ADS rules on divorce and separation changing?
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Feb 15, 2024 | 
lexology.com | Bob Langridge
This is the third blog in our series looking at the new additional dwelling supplement (ADS) legislation. This week we look at the new provisions around single economic units and joint buyers. These changes will apply to purchases of homes in Scotland from 1 April 2024. How to read this blog…Due to the complexity of the new legislation for couples and joint buyers, any proper discussion of the law will be necessarily quite detailed and beyond the scope of a single blog. I've therefore written two.
