Earlier today, the Supreme Court ruled that the Scottish Government’s Named Person scheme (the scheme) is illegal. This is an important judgment as it is the first time that the Supreme Court has exercised its power to prevent a major piece of passed Scottish legislation (especially as it was passed by the Scottish Parliament without opposition with 103 yes votes).
The Land and Buildings Transaction Tax (LBTT) (Amendment) (Scotland) Bill was introduced to Parliament in January 2016. Following similar proposals introduced by Westminster, the Bill introduces an LBTT supplement on second homes. The intention is to help first-time buyers as well as preventing any distortions in the market. The changes will take effect from 1 April 2016 and will apply to transactions settling on or after that date.
The business decisions we take with the best of intentions sometimes have unexpected consequences. That does not mean that we should not have made those decisions, but it does mean that, in hindsight, we may have chosen to do things differently.
A Pre-Nuptial Agreement is an agreement made by a couple before they enter into a marriage or civil partnership. The Pre-Nuptial Agreements usually ring-fence particular assets that were acquired by the parties prior to the marriage, such as a business or a particular property, and protect those assets against a claim by their spouse in the event of the marriage ending. Pre-Nuptial Agreements can also be used to regulate financial provision on divorce or regulate certain issues during the course of the marriage.
We’ve all done it. Said something we shouldn’t have. Embarrassed ourselves unintentionally. Given in to guilty pleasure. Watched Made in Chelsea. It’s ok (or at least it used to be). We’re all human. And it was probably the only thing on tv, right?
January is widely acknowledged as the busiest month of the year for divorce. The first Monday of the working week is often nicknamed “D-day” or “divorce day” due to the high numbers of new divorce enquiries.