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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.

Family Business can be dysfunctional but they’re the engine room of the economy

peter

Murray Beith Murray Partner, Peter Shand, has written the article below for The Scotsman today (Monday 13 May), which includes a quote from family business specialist Mairi Mickel, Consultant and Founder of Mairi Mickel’s Business Families:

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2170 Hits

Should you have a Scottish or an English Will? Or both?

peter

While many people appreciate the importance of putting in place a Will, many of those who decide to take this step are unaware that the rules governing inheritance are different between Scotland and England. When putting a Will in place, it is therefore necessary to consider whether a Scottish or an English Will is appropriate. This decision can have a significant impact when distributing your estate at a later date.

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  5688 Hits
5688 Hits

Inherited Isa: What spouses need to know to avoid unnecessary tax

peter

According to David Thorpe of the FT Advisor, it seems a lot of people are missing out on an important tax break when it comes to inheriting a deceased spouse’s Isa accounts:-

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  1520 Hits
1520 Hits

Buy-to-lets and holiday lets: new hope?

peter

The recent case of Graham v RCC [2018] UKFT 306 (TC) has resulted in a promising outcome regarding business property relief (BPR) for taxpayers that have property businesses. The taxpayer in this case successfully argued her business was more of a family-run hotel rather than a mere holiday letting, thereby qualifying for this important Inheritance Tax relief. The additional services she offered were the key in distinguishing the business from being classed as investment property.

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  2587 Hits
2587 Hits

Professional Collaboration Can Help Family Businesses Thrive

peter

As family businesses are such an important part of the overall economic health of Scotland it is only right and proper that we, as professional advisers, should ask our clients what more we can do to help them illuminate and solve their complex needs. Part of the answer lies in redefining the way that different professional disciplines can meaningfully collaborate, becoming a resource for change by creating a systemic approach to advising family business clients. 

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  1780 Hits
1780 Hits

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