News and Blogs

Penalty Clauses: Game-Changer

It is common for contracts to contain terms that are intended to prevent the other party from breaching an agreement, or to punish them financially in the event of a breach.  However, it is very important that these provisions are not classed as penalty clauses. The general rule is that penalty clauses in a contract are not enforceable.

General Election: Who's supporting your Workers Rights?

Democracy is apparently rife at the moment. This time last year we were in the midst of the Brexit campaign – with both the ‘leave’ and ‘remain’ camps finding themselves a permanent branch to perch on in headlines, daily news updates, social media trends, hashtags, and conversations all across the UK. Homes and offices stood divided, and remain so with the unexpected Leave result.

Residential Nil-Rate Band

6 April 2017 saw big changes to the way in which inheritance tax is applied to a residential property forming part of a deceased person’s estate.  The government introduced a new residential nil rate band (RNRB) which starts at £100,000.00 for the 2017/18 tax year and will increase by £25,000.00 each tax year until 2020/21 when it will have reached £175,000.00.

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