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Private Client

Move beyond the Collection Tin … make Charitable Giving work for you too

Karen Oliver, Senior Associate in our Private Client team, is featured in the latest edition of AGCC's Bulletin.  She looks at Charitable Giving and the potential benefits - both for recipient and the donor. 

As of today, 1 June 2021, amendments to the Civil Partnership Act 2004 by the Civil Partnership (Scotland) Act 2020 allow mixed sex couples in Scotland to enter a civil partnership.

By virtue of the 2004 Act, two people of the opposite sex have not previously been eligible to register in Scotland as civil partners of one another.

This has, however, changed. Prospective mixed sex civil partners are able to submit a notice of intention to enter a mixed sex civil partnership to their local registrar from 1 June.

Where there’s a Will … or a Court Order … there’s a Way : Provision for Cohabitants on Death

What is the Issue?

The number of couples choosing to cohabit without marrying or entering a civil partnership has continued to rise in recent years. As a result, it is important to be aware of the legal position of cohabitants under Scots law, particularly as there has been some public confusion on the matter.

Is flexibility the key to your future?

Jaclyn Russell, partner and head of our Private Client team, features in the latest edition of the Bulletin published by Aberdeen & Grampian Chamber of Commerce and explores alternative options that may give familes more flexibility when considering what they want to happen to their assets after their death.  A subject that many would prefer not to deal with and frequently is still put off until it's too late. 

The Chancellor’s next Budget is due to be published earlier than normal this year, on Wednesday 3 March 2021. 

Although no significant details have been published in advance of the Budget, there has been widespread media and industry speculation that the Budget will include some measures to recoup, to some extent at least, the cost to the Treasury of supporting the UK economy during the last 10 turbulent months. 

Paying for Covid-19: Time to make a plan

Magnus Mackay, senior associate in our Private Client team, features in the latest edition of the Bulletin published by Aberdeen & Grampian Chamber of Commerce. 

The cost of the coronavirus pandemic on UK finances has been huge. It is perhaps inevitable that the Treasury will seek ways to rebalance the drain on public finances. 

Do you know who inherits your estate if you don’t have a Will? 

Many people don’t know the answer to this question.  A common misconception is that a surviving spouse or civil partner would inherit everything.  Currently, this is not necessarily the case.

In 2015, the Scottish Government conducted a Consultation into the law that applies when someone dies “intestate” (ie. without a Will).  Following this, the Scottish Government acknowledged the law in this area needs updating, since the “make-up of families in Scotland is vastly different today than it was when these laws were passed”. 

CGT - 30 Day Payment Deadline now in effect for some residential property transactions

On 6 April 2020, new rules concerning the payment of Capital Gains Tax (CGT) on some residential property transactions came into effect.  While HM Revenue and Customs (HMRC) has offered some flexibility in light of the Covid- 19 outbreak, property owners should not overlook their obligations.

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