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.
Murray Beith Murray Partner, Bill Meldrum, writes in The Scotsman today. Read the full article below, republished by kind permission of The Scotsman.
Last week marked the UK’s first “Tax Administration and Maintenance Day”, which came shortly after the Autumn Budget was presented. The day saw a series of tax policy updates and consultations published, all claiming to be geared towards the simplification and modernisation of the tax system.
Murray Beith Murray is ‘commended for inheritance and succession’ planning in ‘The Times Best Law Firms 2022’, published today. The annual listing, based on independent market research, names the top 240 law firms across Scotland, England and Wales and describes Murray Beith Murray as ‘a leading private client practice’. It also comments on the firm’s focus on acting for wealthy individuals in relation to complex matters; advising landowners and farmers; and expertise in advising family businesses.
As ever, in the lead up to the Chancellor’s Autumn budget announcement, there was a flutter of chatter surrounding potential tax rate overhauls. Namely, to align the Capital Gains Tax rate with the Income Tax rates and significant changes to pension relief for higher rate taxpayers. Following the announcement, many were left perplexed with the Chancellor instead focusing on areas such as alcohol and domestic flights duties.
Rishi Sunak promised a budget for a new post-Covid economy and only time will tell whether that promise is delivered. However, the expectation was for minimal changes to income tax and Capital Gains Tax. After all, it hasn’t been long since the Government’s major overhaul of National Insurance Contributions and the change to tax on dividends.
