From 6 April 2020 payment of Capital Gains Tax (CGT) liabilities arising from sales of residential properties by UK residents will be payable within 30 days of completion of the sale. So, you had better start speaking to your accountant now…. Whilst promises of additional government spending, be it to fund extra policemen or free…

Employment contract issues are one of the biggest problems and headaches for businesses. They can use up valuable resources when trying to sort them out. Invariably, the money invested in having good employment contracts, and staff handbooks in place, is far less expensive than sorting out the issues which poor contracts create. Here are five…

Farmers Fall Out A recent case in the Court of Appeal (Liddle v Liddle [2019] EWCA) establishes the principle that, under a cross option agreement (an agreement allowing outgoing business owners/partners to require the continuing owners/partners to purchase their share of the business) the continuing owners/partners could not be required to pay the buyout price…

We all know about and are familiar with the importance of advice from accountants in the context of business sales.  They can advise to ensure that the transaction is put together in a tax efficient way – that maximum use is made of the various reliefs available (including, in particular, entrepreneur’s relief).  This will have…

The fundamental thing to understand is that, whilst they may be run in a way very similar to “old-style” partnerships (which have no legal identity separate from that of the various people making up the partnership – the partners), legally speaking limited liability partnerships (“LLPs”) are more similar to limited companies.  LLPs exist as a…

How can the reality of a tradesman providing mobile repair services to the public from a van be reconciled with the right to cancel provided for in the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 (“the Regulations”) (the so called “cooling off period”)? Whilst I am not aware of case-law definitively deciding the…

Plain Jane to Alphabet Soup in 5 Easy Steps Readers will already be familiar with the concept of the “share capital” of a company and with seeing declarations (in the accounts and elsewhere) that the “issued share capital” of the company is, for example: “10 Ordinary Shares of £1 each.” Breaking down that statement a…

In a recent case, Sanderson Ltd v Simtom Food Products Ltd (February 2019) the parties entered into an agreement in November 2014 for a project involving the supply of software and support. There was to be a review of the client’s business and its requirements with a view to the preparation of an implementation plan….

We are all familiar with the scenario, given the restricted free time our busy lives concede us: A lengthy document arrives (very often in electronic form) from the software company, bank or other organisation from which we desire goods and/or services and we simply click the button marked “I accept” without even reading the terms…

Ah golf.  That sport (? – pastime) much beloved of aspiring professionals. Capable of taking up infinite amounts of two things which for any working person are in short supply: time and money.  And for what? For what indeed. Few things can compare to the pleasure of standing over a stationary golf ball on a…

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