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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.

Call us today on 0131 225 1200
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Peter worked as a corporate lawyer and he now advises on succession/wealth planning in the context of trusts, companies, partnerships, and other corporate vehicles. Peter’s expertise also covers inheritance and capital gains tax advice.

Read more about Peter here.

The importance of succession planning in a family business

Peter Shand

When it comes to family businesses, there is an old adage that goes “The first generation makes it, the second generation maintains it and the third generation blows it”. In a family business, there are tensions and expectation not only across the generations but amongst those involved in managing the business and those who are not.

Whilst every family business is different, there are common themes running through them, not least the important of succession planning.

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  397 Hits
397 Hits

The Scotsman - Art could put you in the frame at HMRC

Peter Shand

Murray Beith Murray Private Client Partner, Peter Shand appeared in The Scotsman earlier this month, explaining why paintings, prints and porcelain may need as much tax planning as pensions or property portfolios. Read the full article below, republished by kind permission of The Scotsman:

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  465 Hits
465 Hits

Does divorce revoke a Will in Scotland?

Peter Shand

The short answer to this question is “No”. However, getting divorced can have a serious impact on your Will. The Succession (Scotland) Act 2016 radically changed the Act of the same name from 1964, with the impact of divorce being centre stage. So, whilst divorce does not revoke a Will in Scotland, ignoring it can have serious consequences.

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  851 Hits
851 Hits

The Scotsman - Taxing times ahead both economically and politically

peter

Murray Beith Murray Private Client Partner, Peter Shand writes in The Scotsman today. Read the full article below, republished by kind permission of The Scotsman:

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  766 Hits
766 Hits

How does taper relief work?

peter

When you die, if qualifying assets in your estate are worth more than £325,000 (known as the “nil rate band”), Inheritance Tax (IHT) will be due on any amount over that figure. However, there are reliefs and exemptions that can be applied to either reduce or eliminate the IHT liability. One of these is taper relief which is available in certain circumstances relating to gifts. We receive regular requests from clients asking, “How does taper relief work?”.

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  4265 Hits
4265 Hits

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