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Private Client

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.

Looking to the future - digital assets

Kirsten Anderson, Senior Associate in our Private Client team, is featured in the March edition of the Business Bulletin - published by Aberdeen & Grampian Chamber of Commerce. 

Fact v Fiction

As we enter the 2020s, there are still several myths surrounding Powers of Attorney and their operation.  No one intends to lose capacity, and no one intends to leave their affairs in the hands of another, but it is important to try to think one step ahead, and set out your wishes while you still can. 

Can your business survive after you?

Private Client partner, Jaclyn Russell, is featured in the October edition of the Business Bulletin - published by Aberdeen & Grampian Chamber of Commerce. 

Welcome to A New Tax Year: 2019/2020 What You Need to Know

Have a read of our handy summary of everything you need to know about the changes coming in to play from 6 April 2019 and beyond.  Emma Boyle, our tax manager, and the private client team are on hand to guide you through how these changes may affect you and any planning that could be beneficial to optimise your tax position.

STEP Journal July 2018

Jaclyn Russell and Magnus Mackay survey the landscape of succession law and cohabitants' rights in Scotland and discuss the potential for reform.

As published within the STEP Journal 

Magnus Mackay and Jaclyn Russell survey the landscape of succession law and cohabitant’s rights in Scotland and discuss the potential for reform

The succession rights of married and unmarried couples were brought into sharp focus last year when the Court of Appeal in England and Wales handed down its judgement in the case of Lancashire Teaching Hospitals NHS Foundation Trust & Others v Jacqueline Smith [2017] EWCA Civ 1916. With the Scottish Government considering significant reform of succession law, the present arrangements, proposals for change and the potential impact of the case are of significant interest to Scottish practitioners.

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