The 2024 Autumn Budget introduced significant reforms to Inheritance Tax (IHT), particularly relating to Agricultural Property Relief (APR) and Business Property Relief (BPR). These changes, scheduled to take effect on 6 April 2026, represent a shift from the previously uncapped regime and could materially impact succession and estate planning. This note highlights the main legislative … Continued
Latest Insights
Jessica Palmer, Head of our Family Law team, is a Resolution trained family mediator, registered with the Family Mediation Council. What is mediation? Mediation is a voluntary process during which an independent mediator assists couples to discuss and agree arrangements for children and finances following separation. It is designed to assist couples to reach their … Continued
Judith approached us as her and her husband, Henry, had decided that the time to separate had unfortunately arrived. They had been married for around 12 years. Judith and Henry married in North Shields though held much of their property overseas. As the parties married in England and Wales, the fact they held much of their … Continued
Leading North Shields law firm, Brown Holliday & Clements, is proud to announce the opening of its newest office in Angel, Islington. This expansion marks a key milestone in the firm’s commitment to providing personalised and high-quality legal services to individuals and businesses across United Kingdom. Situated in the heart of Angel, the new office will enhance Brown Holliday & Clements’ … Continued
With an increasing number of couples having an international background, it is becoming increasingly common for parents to ask whether they can move country with their child and if they need agreement of the other parent. Often, this occurs after parents separate and one wishes to return home. The below case study is an example … Continued
The British Footwear Association recently hosted a webinar and live drop-in session on Thursday, 14 November, with us Brown Holliday & Clements, proud partners of the BFA. In the video below, experienced commercial solicitor Philip Deja drills down into specific contractual issues facing footwear businesses, providing practical insights and guidance. Philip will begin with a brief presentation … Continued
Have you ever considered the imprint your financial legacy will leave? The vast majority of us work tirelessly, often dreaming of the legacy we’ll pass on to our children or loved ones. The intricacies of inheritance tax, however, can cast a shadow over these aspirations. It’s a tax that doesn’t rest, scrutinising every asset, from … Continued
In summary, we are aware that the new IHT regime effective from 6th April 2025 will have an impact on married couples/civil partners where one has been UK tax resident for 10 or more UK tax years and the other has been a UK tax resident for a lesser period. The consequence is that gifts/transfers … Continued
After being in a relationship for a two years, Monica and Tim decided to get married. Both were in their forties. Tim had been married once before and wanted to be clear on his financial position in the unfortunate event that his marriage with Monica also ended in divorce. Monica’s parents were very wealthy and … Continued
Administering an estate is a significant legal responsibility that involves many legal, financial, and administrative tasks, especially if the estate is multi-jurisdictional with properties, shareholdings, and investments. An individual must appoint a personal representative (also known as an executor and trustee) under the terms of their Will to administer their estate on their death. Often, … Continued
