A parliamentary debate will see ministers argue for stamp duty to be reformed so sellers are required to pay the tax rather than buyers in order to kick-start the housing market and give a boost to first-time buyers. John Stevenson, Conservative MP for Carlisle, will make the case in a Westminster Hall debate, the Telegraph reports.

The Daily Telegraph, Page: 4

Posted 23/01/2018

 

 

Ant McPartlin and his wife Lisa Armstrong are said to be at loggerheads over who will keep their pet dog following their divorce.  Divorce Lawyers have also suggested Ms Armstrong could get more than half her husband’s assets on the basis that “Ant’s earning capacity is so much greater than hers that it justifies her having a greater share of the assets following the divorce.”

Daily Star, Page: 5 The Sun, Page: 7

Posted 16/01/2018

 

Research by Aviva has found that that nearly 100m cold calls were made about pensions last year, many of which were attempts to scam victims out of their savings. The company said 2.2bn nuisance calls or texts were sent last year in total, most about PPI, injury claims and pension freedoms. The figures come as MPs prepare for the second reading of the Financial Guidance and Claims Bill, which provides an opportunity to ban unsolicited calls.

The Times, Page: 63

Posted 13/01/2018

 

 

Families are being put at risk by unregulated firms promising to help them avoid care fees and inheritance tax, lawyers and financial advisers have warned. Richard Bates, a partner and specialist in elderly clients at Coole Bevis , says that arrangements that put property into trust during an individual’s lifetime could fall foul of the law: “If you are going into a scheme with the intent of not paying for the full cost of care, and making the local authority put their hand into pocket instead, there is the potential to commit a fraud”.

The Daily Telegraph

Posted 12/01/2018

 

 

The average cost of getting over a divorce is now more than £14,500 per couple, a report from Aviva has found, up from £12,432 in 2014. The sum takes into account factors such as legal fees, setting up a new home or redecorating a previously shared one and childcare costs – as well as costs associated with starting afresh, such as getting back into the dating scene, splashing out on a new wardrobe or jewellery and taking up a new hobby or skill.

The Times, Page: 4 The Daily Telegraph, Page: 7 The Independent, Page: 21 Daily Mirror, Page: 24 Yorkshire Post, Page: 15 The Scotsman, Page: 2

Posted 11/01/2018

 

 

Research from Lloyds Bank shows two thirds of adults with online pensions, investments, savings and bank accounts have failed to inform next of kin about their accounts, leaving assets at risk of disappearing after death. Lloyds’ director of bereavement, Paul Sheehan, says people need to take more care of their online finances as we shift away from paper: “Digital makes managing your finances easier, but it can make things more difficult for next of kin taking on your financial affairs when you die, as so many are financially unprepared for death.”

Daily Express, Page: 28

Posted 10/01/2018

 

 

The Church of England has laid claim to minerals beneath privately owned land covering over half a million acres since 2010. Ancient property laws known as “manorial” rights allow the Church to claim rights over land it once owned and in 2013 a change in the law meant if mineral rights were not logged with the Land Registry they could be lost. Gavin Le Chat, a property lawyer at Shoosmiths , said: “It’s a very archaic thing. I don’t think it’s reasonable or fair to landowners. It can affect the saleability or mortgageability of the land.”

The Times, Page: 1, 2

Posted 09/01/2018

 

Couples who choose not to take their divorce through the courts are being penalised by Britain’s stamp duty regime, which adds a 3% levy on top of standard rates for buyers who already owned a property or part of a property. In November, those with specific court orders related to the existing marital home could apply for an exemption on the higher rate, but this leaves couples opting for non-court divorces at a disadvantage, experts say. Caroline Le Jeune, a tax specialist at Blick Rothenberg, said: “These rules seem unnecessarily penal and may trigger additional costs for a separating couple at a point when finances are stretched.”

The Daily Telegraph, Money, Page: 3

Posted 06/01/2018

 

 

Trade unions have warned that workers’ rights could suffer if Britain leaves Europe’s single market and instead joins the Trans-Pacific Partnership after Brexit. TUC general secretary Frances Barber said the trading pact “allows labour abuses, it puts public services at risk and it gives too much control to corporations.”

The Guardian, Page: 7

Posted 04/01/2018