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Murray Beith Murray is a leading Scottish private client law firm.

For over 170 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.

Time to adjust to paying Capital Gains Tax on UK residential property disposals

laura

New rules which came in to force from  6 April 2020, accelerate the payment deadline for Capital Gains Tax on UK residential property disposals to 30 days of the sale.  This is a tight timescale and very different from the payment deadlines under the ‘old’ rules.  However, on 9 April, HMRC confirmed it will not charge late filing penalties for reports of Capital Gains Tax on disposals of UK residential property by UK residents made by 31 July 2020. 

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Keeping on top of estate planning during the COVID-19 lockdown

andrew

If COVID-19 has taught us anything, it is the importance of being prepared for any eventuality.  At the present time, many individuals are understandably worried about their business, property, savings, and personal assets.  Having worked incredibly hard during your lifetime to build up your estate, it is entirely reasonable to worry about what Coronavirus may mean for you and your loved ones.  The important point to remember through all of this is that you can put in place measures to protect your estate at any time, assuming you have the capacity to do so.  The peace of mind afforded by making even small steps towards effective estate planning cannot be underestimated.  Remember too, specialists in estate planning law are here to help and guide you through the process of working out a suitable strategy and then putting it in place without delay. In this article, we will explain just three of the estate planning mechanisms you should consider and implement to mitigate the potential effects of Coronavirus.

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Personal Tax during the COVID-19 outbreak

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The UK’s tax regime is anything but straightforward with a constantly shifting set of rules, further complicated by the recent COVID-19 pandemic’s impact on legislation and the practicalities of communicating and transacting with HMRC at this time.  It has never been more important to seek specialist tax advice to manage potential risks and utilise the best options available to you.

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Rural Property & Countryside Matters during the COVID-19 outbreak

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The impact of the current COVID-19 outbreak is temporarily affecting almost every aspect of our lives at the moment, and no less so for rural businesses, landowners, landlords and tenants. 

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Tax efficient ways of gifting to charities during the COVID-19 pandemic

david windram

As the impact of the COVID-19 pandemic reaches into almost every aspect of our lives, the demand on many charity services are seeing an unprecedented rise and funding has never been more important.  You may be considering how you can help a cause which is important to you, at this time, and this blog considers how you can donate in ways that are tax efficient to you, and which can benefit your chosen charity also. 

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