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SANCTIONS: Tenant must pay rent even though landlord is designated
August 2, 2025
SANCTIONS: Tenant must pay rent even though landlord is designated
The England and Wales High Court (EWHC) has ordered the tenant of a London property to pay GBP851,000 in rent to his landlord, despite the tenant’s claim that payment would be illegal because the landlord is a designated person under the Russia (Sanctions) (EU Exit) Regulations 2019. The EWHC agreed that, while regulations 12 and...
TAXATION: Proceeds from IHT continue to rise rapidly
August 2, 2025
TAXATION: Proceeds from IHT continue to rise rapidly
The amount of inheritance tax (IHT) collected by HMRC continues to rise rapidly, reaching £ 6.7 billion in the 2022/23 tax year, some 12 percent higher than the 2021/22 figure. One in every 21 deaths resulted in an IHT charge, equal to the previous high of 2016/17 before the residential nil-rate band was introduced. The...
LAND AND PROPERTY: SDLT enforcement campaign launched on back of Mudan judgment
August 2, 2025
LAND AND PROPERTY: SDLT enforcement campaign launched on back of Mudan judgment
HMRC has launched an enforcement campaign targeting tax agents who claim repayment of stamp duty land tax (SDLT) because the property needs extensive repairs, is uninhabitable, and therefore not liable to residential SDLT. HMRC’s stance is based on the recent England and Wales Court of Appeal decision in Mudan v HMRC (2025 EWCA Civ 799), which agreed with...
ESTATE ADMINISTRATION: Justice ministry urged to tighten security on unclaimed estates list 
August 2, 2025
ESTATE ADMINISTRATION: Justice ministry urged to tighten security on unclaimed estates list 
Several probate research firms have urged the government to tighten up security on unclaimed estates before considering republication of the Bona Vacantia list. The list was withdrawn from public view on 7 July 2025, after a BBC investigation suggested it was being exploited by organised criminals to obtain grants of representation over estates containing unoccupied property...
SRA issues another heavy fine for AML breaches
June 11, 2025
SRA issues another heavy fine for AML breaches
The Solicitors Regulation Authority (SRA) has imposed a GBP77,784 fine on a London-based law firm. It was fined for failing to comply with the client risk assessment rules for three years and failing to carry out an independent anti-money laundering (AML) compliance audit. There was no evidence of any harm to consumers or to third...
Hackers collect GBP47 million in bogus tax refunds
June 11, 2025
Hackers collect GBP47 million in bogus tax refunds
Criminals have hacked the online tax accounts of 100,000 taxpayers to claim GBP47 million of fraudulent repayments, HMRC has acknowledged. Most of the attacks were conducted by phishing using credentials obtained from non-HMRC sources to either set up new HMRC accounts or hijack existing ones, rather than by breaches of HMRC security. HMRC is writing...
Executor committed for failure to hand over estate proceeds to beneficiary
June 11, 2025
Executor committed for failure to hand over estate proceeds to beneficiary
The England and Wales High Court has agreed to immediate committal of a defendant after he failed to distribute to the claimant the GBP138,000 proceeds of an estate of which he was sole executor (Saleemi v Asif Parvez, 2025 EWHC 1340 Ch). The defendant had sent the estate accounts by email to the claimant’s solicitor in December...
UKSC rules woman duped into remortaging house is not liable to lender
June 11, 2025
UKSC rules woman duped into remortaging house is not liable to lender
The UK Supreme Court (UKSC) has overruled all lower courts in deciding that One Savings Bank should have realised that Catherine Waller-Edwards was acting under the undue influence of her cohabitant when she agreed a remortgage of their home. The UKSC unanimously held that a creditor is put on inquiry in any non-commercial hybrid transaction...
Directors’ windfall from cancelled shares was caught by transactions in securities legislation
June 11, 2025
Directors’ windfall from cancelled shares was caught by transactions in securities legislation
The First-tax Tier Tribunal (FTT) has rejected three business owners’ claims that GBP10 million they received from cancelled shares in their company was exempted from tax under the transactions in securities legislation. The FTT accepted HMRC’s contention that the legislation contained an error and the words ‘despite the fact’ meant ‘where’, not ‘even where’. This...
EWHC resolves dilemma of orphaned safe deposit boxes
June 11, 2025
EWHC resolves dilemma of orphaned safe deposit boxes
The England and Wales High Court (EWHC) has granted an investment bank’s request to sell the contents of 14 safe deposit boxes whose owners cannot be traced. The bank’s predecessors had held the boxes for between 44 and 122 years and had contacted the owners when closing their UK retail operations in 1994. However, some...
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Leeds: 94 Street Lane, Leeds
Batley: 504B Bradford Road, WF17 5JY
Bradford: 22 Muirhead Drive, Bradford, BD4 0HJ
Birmingham: 9 Sheaf Lane, Coventry Road, Birmingham
London: Suite 2462, Unit 3A,34-35 Hatton Garden,London, EC1N 8DX
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