International and Cross-Border Estate Planning and Wills

Stone King to open Leeds office in spring 2016

Stone King LLP’s new office in Leeds offers great opportunities for talented solicitors to join its top ranked Education Sector practice.

Stone King will be further strengthening its legal services for schools through opening an office in Leeds in the spring of 2016. This will significantly develop the Firm’s presence in the North of England and is a core part of our aim to be the legal advisor of choice for educational institutions across the country.

Sing like the Canaries - new 99% reduction on succession and gift tax

In July this year, the new Prime Minister of the Canary Islands announced that a 99% reduction for succession and gift tax will be introduced for children and spouses. This extends to UK residents with assets in the Canary Islands.

The regional tax minister confirmed that this reduction will be included in the 2016 budget and expected to be approved in October 2015. Further tax reductions are also planned.

The Death Knell for Offshore Structures Holding UK Residential Property

Following the proposed changes in the Summer Budget now is the perfect time for non-domiciled clients to review their existing offshore structures and planned domicile status.

As the ‘dust’ settles it is obvious that the Summer Budget has brought with it a huge headache for non-domiciled clients.

By April 2017, as well as being subject to local taxes, non-doms will be liable for UK inheritance tax  if they own ‘enveloped’ UK residential property through an offshore corporate structure.

Care system receives 60 year overhaul

Today sees that arrival of the long awaited Care Act 2014.

With the UK’s population living longer and leading more active lives well into retirement, it is recognised that England’s health and social care system has not kept up with the demands of an ageing population.  The Care Act represents the biggest overhaul in the care system for over 60 years and includes rights for those receiving care and those who provide it to their friends and family members. 

Changes introduced by the Care Act today include the following:

Who do they think they are? Wills made available online to the public

People will be able to find out more about their family histories as millions of Wills are made available to the public through a searchable online database.

The project will also help people research the last wishes of some of the most influential people of the 19th and 20th centuries.

The database is the result of an innovative project conducted by H M Courts and Tribunals Service (HMCTS) and a storage information management company and will enable access to the Government’s archive of 41 million Wills dating back to 1858.

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