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When another person or organisation has broken the contract between you to provide the goods or services in return for payment, you may have grounds for compensation or redress.

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The Litigation team at Poole Alcock will advise you on the best route to take, depending on your tenancy agreement.

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At Poole Alcock we understand that you want to resolve any dispute cost-effectively and maintain good relations where possible.

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A company’s articles of association are of paramount importance; they are the key constitutional document setting out the basic management and administrative structure of a company.

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If your child is aged under 16, it is possible to change their name by deed poll providing that all of the parties with Parental Responsibility are in agreement. However, the child’s birth certificate will not normally be changed as this is a historical record from when the child was born.

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When a child is removed from one of the parents without the other parent’s permission or a child is not returned at a pre-arranged time, it is important to act quickly to reinstate the child’s normal or pre-agreed routine.

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Whenever possible separating parties should speak to one another and make arrangements for the care of the children which are in the children’s best interests and can be worked around by both parents.

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Most of the legal rights given to parents are by way of Parental Responsibility (PR). PR means ‘all the rights, duties, powers, responsibilities and authority that a parent of a child has in relation to the child and his property by law’.

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You can apply to end or dissolve your civil partnership if you have been in the partnership for at least one year. It is very similar to divorce, in that you will need to make an application to the court.

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From the recruitment process, through to issues such as TUPE, training from expert employment solicitors can help you to use the law as a positive framework to implement the best employment practices.

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Our team has extensive experience of settling claims arising from a wide variety of accidents and injuries suffered in the workplace.

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Every employer should ensure that the exposure of his employees to substances hazardous to health is either prevented or, where this is not reasonably practicable, adequately controlled.

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The Increasing Residential Nil Rate Band

  What is the Residential Nil Rate Band? The Residential Nil Rate Band (RNRB)...

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The Increasing Residential Nil Rate Band

6th April 2018

News : Wills & Probate

 

What is the Residential Nil Rate Band?

The Residential Nil Rate Band (RNRB) came initially came into effect 6th April 2017. It applies to property gifted to children (or grandchildren etc) on death. Up to £100,000 (2017/2018) of property can be gifted to children without incurring inheritance tax. This is addition to the standard Nil Rate Band (currently £325,000).

As of 6th April 2018, the RNB increases to £125,000.

 

What conditions are attached?

It must relate to your residence (so cannot be used, for instance, against a holiday home).

It must pass to a direct descendent. This is defined quite widely, and can include step-children, and other ‘children of the family’ such as foster children.

If your property is worth less than the available RNRB, it cannot be set against any other assets or any other property.

The  gift must be immediate on death (not as ultimate beneficiary of a life interest trust for example).

 

What about my spouse?

 

Like the standard Nil Rate Band, the Residential Nil Rate Band can be ‘doubled up’ between married couples. This means that, assuming that you initially leave all of your estate to each other, when you both pass away you can benefit from a Residence Nil Rate Band of £250,000. As above, this is in addition to the standard Nil Rate Band which can ‘double up’ in the same way.

So for married couples, leaving their home worth £250,000 or more to their children, they can give away up to £900,000 without incurring an Inheritance Tax charge.

 

What if my partner and I are not married?

 

Unfortunately the ‘double up’ effect described above only applies to couples who are married or in a civil partnership. Neither for the standard Nil Rate Band and the Residence Nil Rate Band.

 

What if I don’t have any children?

 

The Residence Nil Rate Band is only available if the asset in question is passed to a child (or grandchild etc). Unfortunately, gifts to other relatives (such as nieces or nephews) would not be eligible for the Residence Nil Rate Band.

 

What else should I be aware of?

 

Inheritance tax is not always a straight forward issue. It is possible to make provision, during your lifetime, to plan ahead for how your loved ones might be affected by any inheritance tax bill on your death.
The Wills and Probate solicitors at Poole Alcock can help you plan ahead, and provide Inheritance Tax advice tailored specifically to your circumstances. To ask any questions you might have, or to book an appointment, call us on 0800 389 7093. Alternatively you can visit our wills and probate services page here or complete the form linked here and we will call you back.

 

 

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