Opinion &
Insights

Capital Gains Tax: The new rules in relation to family homes involved in divorce

As of the 6th April 2023 there are new rules incoming that are significantly going to change the way Capital Gains tax (CGT) applies to those who are divorcing. The changes, brought about by the Finance Bill 22-23 aim to simplify the rules for both practitioners and those going through a divorce.

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Progress but with delays

As our Probate Team operate at the coalface of the Probate Registry and HM Revenue and Customs, they are uniquely placed to comment upon both the IT improvements and frustrating delays that they are experiencing with these critical government bodies. Both have moved to streamline their processes using technology where possible and, particularly in the case of the Probate Registry, largely moved to an electronic platform to manage the Probate process.

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No Fault Divorce, Dissolution and Separation: What to expect

On Wednesday 6th April 2022 the biggest changes to divorce law for half a century will be introduced, transforming the way in which separating couples can obtain a divorce or dissolution for the better.

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Coronavirus Update - 09.04.2021

In accordance with the Prime Minister’s Road Map Out of Lockdown, we will be re-opening our offices to clients on Monday 12th April.

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Update: Business interruption insurance test case – Supreme Court Judgment

Following on from our previous blog on the test case proceedings commenced by the Financial Conduct Authority (FCA), which were issued in order to provide clarity for policyholder’s seeking to rely on their Business Interruption Insurance (BI Insurance) as a result of losses caused by the COVID-19 pandemic, subsequent appeals were issued by the FCA and the Defendant Insurers and the Supreme Court has now delivered its decision.

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Reflections on Change

Without doubt, this pandemic has been hard on everyone and will shape the way we see the world for years to come. The office environment is no longer a static, communal place of work, with friendships and relationships blossoming and a wealth of communication and often times laughter. It has changed beyond all recognition with masks and screens, sanitiser and separation.

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My Business has been impacted by Covid, can I vary the financial order relating to my marriage that was made before Covid?

In the last year Covid’s global detrimental impact on business and personal wealth has been vast. In Covid’s wake are a slew of individuals and business owners that have been faced with divorce settlements that bear no mind to financial losses from the pandemic that neither they or any court could have predicted or considered in a pre-Covid world.

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Business Interruption Insurance through Covid

A number of businesses have looked to their Business Interruption Insurance (BII) when seeking to recover losses which have arisen as a result of the Covid-19 pandemic. On the whole, insurers have denied liability under the terms of the insurance or have generally been quite slow in responding.

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