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Latest Legal News

Latest Legal News

UBS v HMRC – Tax Avoidance Scheme Rejected By Supreme Court

Steven Guild

In this week’s budget, Chancellor George Osborne announced that he intends to introduce measures to close tax loopholes for companies, making it harder for them to avoid paying tax in the UK. Just a week before the budget, the Supreme Court issued its decision in a long running case about the validity of schemes set up by investment banks designed to avoid bankers paying income tax on their bonuses.

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LChalmers

Is the UK's EU Referendum Good News or Bad News for the House Building Sector?

James Jack

In last week’s briefing note we looked at the potential options available for UK Financial Services if the “Leave” vote wins on 23 June 2016.  Today we look at how the Scottish house building sector may be affected in the run up to the referendum and beyond.


Before 23 June 2016

The very fact that the referendum is looming creates uncertainty which in turn can delay decision making and impact on wo

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LChalmers

Scotland Becomes The Place To Buy

Richard Rennie

One effect of increasing devolution is a differential in how property is taxed across the UK.  Over the last 18 months in particular, the issue of stamp taxes (LBTT in Scotland and SDLT in the rest of the UK) has been a fast moving area.  We have seen changes to the slab/slice system and new rates associated with that, the introduction of LBTT in Scotland and the announcement of a 3% surcharge for the purchase of additional homes.

Since LBTT started in Scotland a year ago, the effect of the progressive system and rates applicable in Scotland meant that above a level of app

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LChalmers