Keith Bruce-Smith

This Practice Note, written by Keith Bruce-Smith and Katie Walsh of Harcus Sinclair LLP, deals with these types of death in service benefits: (1) registered group life policies, (2) relevant life policies and (3) excepted group life policies and considers their tax treatment.

This Practice Note, written by Keith Bruce-Smith, Judith Robertson and Katie Walsh of Harcus Sinclair LLP, considers key issues attached to the family home: How should it be owned? What is the tax treatment for a UK-resident individual? In terms of estate planning, what are the options available and their tax consequences? The note covers co-ownership (joint tenancy/tenancy in common), capital gains tax (CGT) (principal private residence relief (PPR), annual tax on enveloped dwellings (ATED), transfers between spouses/civil partners, base value uplift on death) and estate planning (gift with reservation of benefit (GWR / GROB) and the pre-owned asset charge (POA charge/POAT)).

This Practice Note covers identifying a fiduciary, fiduciary duties and obligations, the no conflict rule, the no profit rule, the fiduciary’s duty of confidentiality and what remedies are available for breach of fiduciary duty.

This Practice Note by Keith Bruce-Smith, Judith Robertson and Katie Walsh of Sinclair Gibson LLP summarises the UK tax treatment of furnished holiday lettings in the UK and the EEA.

This Practice Note, written by Keith Bruce-Smith, Judith Robertson and Katie Walsh of Harcus Sinclair, summarises the main types of insurance available on the market, considers their usefulness in the context of estate planning and evaluates the relevant tax consequences. In particular, the following applications are considered: the use of life insurance policies to fund the inheritance tax (IHT) payable on death, provide a cash resource for dependents or to provide funds to enable business partners to purchase business property owned by the deceased; and the use of term insurance policies to provide a lump sum to pay the IHT that would become payable on a failed potentially exempt transfer (PET) in the event that the transferor died within seven years of making the transfer.

This Practice Note provides an overview of registered group life policies and the non-registered life policies commonly known as ‘relevant life policies’ and ‘excepted group life policies’. This Practice Note also covers the tax treatment of death benefits provided under such policies.