Attracting news headlines is the recent English case of an 81 year old woman who suffered a catastrophic stroke and was kept alive via a feeding tube.
Quite distinct to the concept of ‘residence’ (i.e. the country where you live) and ‘tax residence’ (i.e. the country in which you are subject to income tax), an individual’s domicile determines the law that applies to their assets for succession purposes.
From 1 December 2017, the private rented sector in Scotland will undergo a significant change. The provisions of the Private Housing (Tenancies) (Scotland) Act 2016 (“the Act”) will replace the assured tenancy regime with a new residential tenancy known as a Private Residential Tenancy (“PRT”). It will no longer be possible to enter into an Assured Tenancy or, more commonly, a Short Assured Tenancy on or after 1 December 2017.
Today, the Chancellor, Philip Hammond delivered his Autumn 2017 Budget. There was little change to personal taxation with no increase in income tax or national insurance keeping in line with The Conservative 2015 election manifesto. The personal allowance is currently £11,500, whereby the first £11,500 of an individual’s income is received tax free – it was announced today that the personal allowance for income tax will rise to £11,850 from April 2018 for all UK taxpayers.