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Monthly Archives: December 2014

Buying Businesses Out Of Administration

It is predicted that the level of insolvencies will rise as the economy recovers and, as confidence returns, prospective buyers may look at opportunities to acquire businesses at fire-sale prices. Robin Tutty, of Druces LLP’s Corporate Restructuring and Turnaround team examines the advantages and potential pitfalls of acquisition from administrators in an article first published […]

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The End Of Pilot Trusts

The government has finally announced measures to put an end to multiple trusts (otherwise known as pilot trusts or Rysaffe planning) as a way to mitigate liability to Inheritance Tax. Unfortunately, the new rule is retrospective, which means that unless death is anticipated before 6 April 2016, the new rule applies to any Will which […]

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ATED: What’s In The Envelope, George?

Lurking in the fine detail of the Chancellor’s Autumn Statement is the news that the annual tax on enveloped dwellings (ATED) is to increase in rate and scope, with effect from 1 April 2015. ATED is currently payable on residential properties worth more than £2m held by ‘non-natural persons,’ such as companies, collective investment schemes or partnerships […]

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Supreme Court Refuses To Hear RE Game Station Appeal

As reported in a previous Briefing Note, the Court of Appeal gave judgment earlier this year in an important case for landlords and administrators known as Re Game Station (Pillar Denton Ltd and others v Jervis and others [2014] EWCA). The case is about rent payable by tenant companies in administration. The Court of Appeal’s […]

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