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SRA crackdown on AML compliance

On 29 October 2019, the Solicitors Regulation Authority (SRA) announced that it will be writing to all 7,000 firms falling under the scope of the Money Laundering Regulations 2017 to investigate whether they have a firm risk assessment in place, and supplementing this information request with an ext…

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Co-owning conundrums

The recent decision in Margaret Vincent v HMRC provides food for thought for those advising clients who co-own property with other family members. In this case, a married couple co-owned their home with the wife’s brother but, of course, co-ownership can be among any type of relationship, familial o…

Passing The Baton IR35

IR35 – are you ready to take the baton?

From 6 April 2020, changes to tax legislation regulating off-payroll working (commonly known as IR35) will come into effect. The new rules require larger private sector businesses to deduct income tax and national insurance contributions (NICs) via payroll from fees for services paid to an “intermed…

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