Murray Beith Murray LLP is a leading Scottish private client law firm.
For 175 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.
There has been much speculation around the possibility of abolishing Entrepreneurs’ Relief. However, the Government has decided to retain the relief with the purpose of encouraging genuine entrepreneurial risk-taking. One change that the Government did make is that from 2020/2021, Entrepreneurs’ Relief has been renamed as Business Asset Disposal Relief.
Murray Beith Murray Partner, Peter Shand, writes in The Scotsman today about the rising trend of the super-wealthy in setting up finance and legal offices to deal with their affairs.
=In today's uncertain times, more people, of all ages, are committing to putting a Power of Attorney in place. This provides confidence that should they become mentally incapacitated, someone they know and trust will manage their personal and financial affairs on their behalf.
Family businesses are an integral part of the economic health of Scotland, and in light of the COVID-19 pandemic, it is more important than ever that we as professional advisers, assist our clients in overcoming their legal and practical problems.
Now six months into lockdown, we still do not know when everything may go back to “normal”. The restrictions in place have had an impact on us all, and one of the key issues is the increased isolation that we have all experienced to some degree. With the current Covid-19 cases on the rise again and winter fast approaching, it is expected that restrictions will remain in place for some time.
