Category Archives: Private Client

Changes to Land and Building Transaction Tax Come Into Effect

July 10, 2018 | Katharine Smith |

first time buyer tax relief

The Land and Buildings Transaction Tax (First-Time Buyer Relief) (Scotland) Order 2018 The above Order came into effect from Saturday 30 June 2018. Subject to certain conditions, First-Time Buyer Relief is now available to first-time buyers in Scotland. The relief applies to qualifying transactions where the contract is entered into on or after 9 February 2018 and the … Read More >>

Paying for Residential Care – what you need to know!

July 6, 2018 | Lynne Lind |

paying for residential care

Taking the decision to move, or helping a loved one move, into a care home can be a stressful time. It is important that the financial implications are fully understood. The average rate for residential care in Scotland is £639 per week (£33,228 per annum) and for nursing care is £852 per week (£44,304 per … Read More >>

What is a Living Will?

June 27, 2018 | Ailidh Ballantyne |

What is a Living Will?

What is a Living Will? We are often asked – what is a Living Will? It is: a statement expressing your views about how you would like to be treated in the future a Will of sorts but applies whilst you are alive not after your death essentially an expression of your wishes set out … Read More >>

Trusts – The Basics

June 6, 2018 | Ailidh Ballantyne |

What is a trust

“I think you should set up a trust; this will protect your assets.” Sounds great! But what is a trust? What can you put in to a trust? And will there be any charges associated with the trust? What is a Trust? A trust is when one person is given property to hold for the … Read More >>

Paying for Care: Deliberate Deprivation of Capital …. Or is it?

March 22, 2018 | Lynne Lind |

Paying for care: Deliberate deprivation of capital …. Or is it?

An English Local Authority has recently been criticised for refusing to pay an elderly woman’s residential care fees when it learned that she made regular cash gifts to her family after moving into a care home. They believed this to be a deliberate deprivation of capital. What is a deprivation of capital? The Local Authority … Read More >>

Your Will – The digital age and digital assets

January 31, 2018 | Ailidh Ballantyne |

digital assets

Is the digital era making our lives much simpler and easier? Well, not necessarily when it comes to completing your Will.  When we think about making our Will, very few of us realise that digital assets can be included. With the emergence of Bitcoin for instance, it may be that this type of cryptocurrency will … Read More >>

Know your Inheritance Tax Gift Exemptions

December 7, 2017 | Ailidh Ballantyne |

inheritance tax

Life can be taxing at times, no more so than on death. So it is important to consider the potential inheritance tax implications which can arise upon your death. When you die, Inheritance Tax may be payable on your estate. Each person has a Nil Rate Band of £325,000, meaning that any assets up to … Read More >>

Is my English Will valid in Scotland?

November 28, 2017 | Ross Wallace |

is my english will valid in Scotland

Most people know that there are a number of differences between the Law of England (and Wales) in comparison to the Law of Scotland. We are often asked by people who have made a Will in England and now live in Scotland; ‘is my English Will still valid in Scotland?’ The simple answer is generally … Read More >>

Are you ready to be a first time buyer?

November 22, 2017 | Gavin Pearson |

first time buyer

5 Tips for a First Time Buyer Buying your first home is an emotional experience – it can be joyous, stressful and frustrating, amongst other things. Our goal is to limit, if not eliminate, the negative emotions and make the experience something you WANT to remember. Here are a few, sometimes overlooked, tips for first … Read More >>

The Importance of Having a Will

November 15, 2017 | Gavin Pearson |

Importance of having a will

Do you have a Will? Do you know the importance of having a Will? If not, why not? Do the reasons include not knowing what a Will does, the possible cost, that you don’t have time, that you don’t think you need one, that you think you’re too young? Let’s address these possible concerns: Don’t … Read More >>

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