John P Hagan Solicitors , JPH LAW Portadown News TRUSTS: Accidentally executed trust deed is rectified without a hearing

The England & Wales High Court has granted an application for rectification by summary judgment to correct the mistaken execution of a trust deed intended to set up a new pension scheme. The parties had accidentally executed an early draft of the deed instead of the final version, leading the judge to grant summary without…

 John P Hagan Solicitors , JPH LAW Solicitors Portadown on FARMING: Tribunal confirms CGT relief may be lost on land let out for grazing Farmers who let out land for grazing are not entitled to agricultural capital gains tax (CGT) relief unless they retain some occupancy of the land and undertake responsibility for maintaining it,…

 JPHLAW NEWS  Taxman forces lawyers and accountants to divulge client details British tax investigators hit lawyers and accountants with nearly 1,500 demands last year for information about existing or former clients, it emerged today. The production orders – which have sounded alarm bells over professional privilege with lawyers – were issued by Revenue and Customs’…

IHT and Agricultural Relief

JPHLAW Guide to Agricultural Property Relief When is it available? It is available on the agricultural value of agricultural property which is transferred either in life (gift) or on death. The property must not be subject to a binding contract for sale. What is agricultural property? It is property in the UK, Channel Islands, the…