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Parental Bereavement Bill Gains Royal Assent

Under the law as it stands, employers are not required to give paid leave to grieving parents. Section 57A(1) of the Employment Rights Act 1996 gives employees the right to take a reasonable amount of time off to take action which is necessary for dependants – for example, if they are ill or injured – and Section 57A(1)(c) of the Act specifically refers to...

Payments in Lieu of Affordable Housing Provision – Court of Appeal Ruling

Judges frequently have to tread the tricky dividing line between interpreting contracts and illegitimately re-writing them so as to conform to subjective views as to what does and does not makes business common sense. However, in an instructive case concerning a dispute between a local authority and a housing developer, the Court of Appeal rejected claims that a...

DIY Home Builders Take Note

A recent tax case will interest people who are DIY home builders. It involved a couple who started building a home in 2004 and completed it in 2007. During the construction of the property they lived elsewhere. They moved in in 2007 and sold the property in 2010, making a substantial capital gain. The law relating to Capital Gains Tax (CGT) exempts only one...

Noose Tightens on Businessman Who Owes $320 Million Judgment Debt

Judgment debtors sadly often try to wriggle out of payment – but judges will leave no stone unturned in ensuring that court orders are obeyed. The Court of Appeal made that clear in tightening the noose on a businessman who was determined to avoid honouring a bank debt of over $300 million. The businessman, domiciled in Monaco and described as an...

Property Ownership – Beneficial Owners Must Reveal Themselves

A huge amount of property in the UK – especially commercial property and purpose-built buy-to-let properties such as student accommodation – is owned through the medium of overseas entities, usually in well-known tax havens. Such arrangements are also often accompanied with relatively high levels of service charges which have the effect of making the UK tax...