Ensuring the future of a family business is often of utmost concern to families and is a crucial decision that requires careful thought and planning.
A look at the key characteristics of a robust employee-owned business and how this should be managed for a successful future.
This article considers the main benefits, both financial, commercial and social, from transitioning your business to employee ownership.
Employee ownership can be a preferred option available to businesses when considering succession planning. In this article we consider why.
We consider three formal structures available for employee-owned businesses and why these may be suitable.
In this article we look at the numerous reports and policy papers surrounding tax reform.
When will the disposal of shares by trustees qualify for Entrepreneurs’ Relief?
Proposed reforms to IHT & CGT: How might the government balance its books in the long term & attempt to recover some of the financial costs of COVID?
The House of Commons Treasury Committee has taken evidence from a panel of tax experts on its inquiry called “Tax after Coronavirus”.
The Office of Tax Simplification is reviewing Capital Gains Tax. We look at how this might affect Wrigleys’ rural clients.
A look at some of the most common issues with poorly drafted Wills.
What happens to your digital assets on the event of death.
What issues does Covid-19 present in the estate planning context?
We summarise the main tax policy announcements in the government's first budget of 11 March 2020.
The CLA has submitted a pre-Budget paper to the Treasury calling for diversified rural businesses to be taxed as a single trading Rural Business Unit.
Here we consider what tax policy announcements we might expect in Sajid Javid’s first budget on 11 March 2020.
Recommendations for significant changes to the current regime are published.
Good news for those who will potentially inherit more, but, the reality is that the Government rules rarely operate in the way people expect.
The Brexit Party's Manifesto includes only two pledges in relation to tax.
Like all of the three main parties' manifestos, the treatment of capital taxation in the Liberal Democrats' manifesto is limited. What can we glean?
We look here at the Conservative Party's key tax pledges in their proposal to 'unleash Britain's potential'
Private Client advisor Lucy Hargreaves is celebrating her place on the definitive annual list of young private client practitioners across the UK.
We have matched last year's success by maintaining their Band 1 ranking (regional guide) and are still a recognised National Leader (outside London).
The aim and intentions of the consultation, a summary of Wrigleys' response and the government's proposed plans.
Consultation raises the prospect of greater company compliance requirements in future
A family constitution can help provide structure alongside future-proofing the business.
The OTS's first report focuses on addressing the "practical complexities" of the regime.
This article explores the new proposed fees for obtaining a Grant of Probate in England and Wales announced by the Government this month.
HMRC has further updated its guidance on compliance with the legislation of the registration of trusts which had tax liability.
The firm has once again achieved Band 1 ranking (regional guide) and are delighted to be recognised as a Band 1 National Leader (outside London).
The recent case of Taulbut v Davey is the latest example of a homemade Will causing confusion, frustration, and fallout.
The review of Inheritance Tax by the Office of Tax Simplification.
Wrigleys Solicitors are pleased to welcome Neil Whitaker, Donna Radcliffe and Katie Derry to its Leeds office.
We summarise proposed changes to the law on Wills (designed to encourage more people to make Wills) and the implications for lawyers and clients.
The HMRC Trust Registration Service has now been launched and will require all trusts with UK tax liabilities to be registered.
We consider why some solicitors have chosen not to advise their clients on the Residence Nil-Rate Band tax saving opportunity.
The Supreme Court has today handed down their judgment in the case Ilott v The Blue Cross and Others (previous incarnations known as Ilott v Mitson)
The new ‘Residence Nil Rate Band’ aims to put more family homes beyond the reach of inheritance tax.
A day of recognition for family businesses; the backbone of the Yorkshire economy and so often the bedrock of their communities.
A roundtable discussion amongst private client experts from Florida, Texas and New York - plus the European jurisdictions of the UK, Portugal & Malta.
Lifetime gifts to family members is common in tax planning. This case study explains how gifts can be made by relatives who have lost mental capacity.
Congratulations to Charlotte Dyson for her place on the definitive annual list of young private client practitioners across the UK.
What you need to know about leaving money to a person with a disability and how very simple arrangements can make a huge financial difference.
Wrigleys is pleased to announce 3 promotions in its private client and charity property teams.
HMRC has now opened a consultation as to how this SDLT rise would operate. Although open to change, this article summarises the initial proposal.
The 2015 autumn statement announced a rise in the rate of Stamp Duty Land Tax (SDLT) for the purchase of additional homes and buy to let properties.
From 1 February 2016, all private residential landlords will have to check that new tenants have the right to be in the UK.
Landowners should take note. The Bill is not intended to introduce new law but there is a new offence that landowners should be aware of.
An alarming new report reveals the number of people who leave major decisions about housing, assets and care to chance.
This article considers the options for holding shares in an EO company and considers the pros and cons for both 'direct' and 'indirect' ownership.
Wrigleys celebrates another successful year for its trainee recruitment process, and welcomes Trusts and Estates specialist solicitor Kieran McIvor.
This case made headlines after a daughter successfully challenged being excluded from her mother's Will. We analyse the implications for testators.
In an unexpected announcement in the 2015 Budget, a valuable tax relief available for private landlords has been severely restricted.
FAQs on how the widely anticipated changes to the Inheritance Tax nil rate band will operate.
Wrigleys have supported the Dementia Action Alliance to produce a free booklet to help those living with dementia & their families.
Wrigleys have been recognised as one of the Top 25 Private Client Law Firms in the UK.
In a recent case, the High Court ruled that a post-nuptial agreement signed by a wife at the request of her husband was binding.
As we now have some certainty on how trusts will be taxed, a new approach to structuring Wills can be applied.
Consultations on how to simplify trust taxation abruptly ended after a shock announcement from HMRC in June 2014.
The Chancellor's Budget announced a review of Deeds of Variation – is tax avoidance his motive or does he simply want to embarrass the opposition?
Dementia Friends Champions Charlotte Buckley and Amy Slinn have held Friends' information sessions for 96 people at Wrigleys...and counting!
Appointing the right trustees is crucial for families to protect the trust beneficiaries and maximise the benefits to them.
The BMA Patient Information Special Award for Mental Capacity Resource went to a Headway advice booklet co-written by Wrigleys solicitor Ian Potter.
The Independent, The Telegraph and The Daily Mail reported last month that "savers could be forced to pay inheritance tax while they are still alive".
There have recently been changes to the intestacy laws in England & Wales.
The intestacy rules apply to estates of people who have died without a Will. We summarise the main changes in the law in force from 1 October 2014.
Wrigleys is supporting Remember a Charity in Your Will Week 2014 by giving away Remember a Charity chocolates in our reception throughout the week.
Figures released by the High Court this week show that claims against executors for mishandling deceased's estates have tripled over the last year.
A new Code that came into force on 1 April 2014, has been introduced to help protect members of the public seeking advice on a Will.
This article highlights ways to arrange your affairs to ensure the money you want to benefit your child can do so in the most effective way possible.
Angus Hunter Smart of Wrigleys reviews new rules affecting how debts can be deducted for IHT - unwelcome news for many farmers and landowners.