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...
Nov 14, 2024 | Bullet Point Update
It may well seem contradictory to have both the words “authorised” and “fraud” appearing in the same phrase as in the title above. But, on the one hand, fraud may occur when someone steals your bank card and uses it to make unauthorised payments and, on the other...
Oct 24, 2024 | Bullet Point Update
How does VAT work? VAT (value added tax) is a tax added to most products and services supplied by VAT-registered businesses. Businesses have to register for VAT if their taxable turnover is more than £90,000. A VAT-registered business must in particular:...
Sep 18, 2024 | Bullet Point Update
Background This month the Scottish Parliament Information Centre (known as SPICe) re-published its Briefing Paper on “Contact between grandparents and their grandchildren”. Generally speaking, its subject matter is a non-issue. Grandparents, parents and grandchildren...
