Executor Renunciation or Power Reserved

Executor Renunciation or Power Reserved

Executors play a vital role in fulfilling a testator’s wishes and distributing their estate properly. Occasionally, issues arise when decisions about whether to act, renounce or have power reserved are made too soon. In this article, we explore the legal and practical effects of such decisions.  

Overhaul of the UK’s tax regime for Non-Domicile: What you need to know

Overhaul of the UK’s tax regime for Non-Domicile: What you need to know

Until the 6th April 2025, the UK’s taxation of individuals who were non-doms was based on the concept of domicile, a legal term under English law referring to a person’s long-term permanent home. Non-doms could live in the UK while enjoying favourable tax treatment under the “remittance basis”. This treatment typically lasted for up to 15 years.

Independent school fees and VAT

Independent school fees and VAT

Since 2017, Labour has consistently discussed their desire to scrap the value added tax (VAT) exemption for private school fees. It has been a topic included in manifestos, statements and during the General Election campaign. When asked, Sir Keir Starmer confirmed he wished to scrap the tax benefit “as soon as it can be done”. Now Labour is in office what does this mean.? 


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