May 15, 2025 | Bullet Point Update
CHARITY TRUSTEES GO PUBLIC Introduction It’s worth highlighting certain aspects of recent charity law reform in respect of: (1) new requirements for information about charity trustees being submitted to the Office of the Scottish Charity Regulator (“OSCR”) for OSCR’s...
Apr 28, 2025 | Bullet Point Update
REQUIREMENTS TO BE MEMBERS OF THE PROTECTING VULNERABLE GROUPS SCHEME Introduction Various aspects of the Protecting Vulnerable Groups Scheme (“the PVG Scheme”) were amended with effect from 1 April 2025. This note considers certain aspects of the amendments with...
Apr 3, 2025 | Bullet Point Update
Inheritance Tax (“IHT”) basics IHT is primarily a charge on the value of an individual’s estate on death. In outline: if you leave your estate to your surviving spouse or civil partner (or a charitable body) there is no IHT to pay: the transfer is “exempt” from...
Feb 28, 2025 | Bullet Point Update
Scots law has its fair share of quaint legal phrases e.g. legal rights of legitim; a decree ad factum praestandum; a coelo usque ad centrum. Another somewhat quaint term (albeit not in Latin) is “tacit relocation”. This is a common law rule which may be illustrated as...
Jan 31, 2025 | Bullet Point Update
The Chancellor’s Autumn Budget in October 2024 (“Fixing the Foundations to Deliver Change”) said (among much else): “The government is making the inheritance tax system fairer by applying inheritance tax to unspent pensions pots and restricting the generosity of...
Dec 23, 2024 | Bullet Point Update
This month Regulations were made so as to bring into force, with effect from 1 April 2025, those sections of the Moveable Transactions (Scotland) Act 2023 (“the 2023 Act”) so far as not already in force. What are “moveable” transactions? The term “moveable” in the...
