Hanne & Co. Solicitors LLP

Labour’s October 2024 Budget has introduced changes that could affect businesses and individuals alike, including increases to Capital Gains Tax and Stamp Duty Land Tax to name a couple. While some of these changes are welcome news, others might have a larger impact your estate and tax planning – Private Client Associate, Samantha Fennah, details the most important changes in our latest article here: https://lnkd.in/eiQhe5BP Are you finding it hard to make sense of the October 2024 Budget for you and your family? Our Private Client lawyers can help you understand how the changes will affect you – don’t hesitate to contact our team on 020 7228 0017. #TaxPlanning #October2024Budget #LondonLawFirm #TaxLaw #LegalUpdates #FinancialAdvisory #TaxRegulations #BudgetChanges #LawFirmInsights #UKTaxLaw

A PetNup is an agreement between you and your partner which sets out the living arrangements and ongoing care requirements for your pet. While this isn’t legally binding, it is acknowledged by courts.  Read more in our article on what happens to your pet in a divorce by Family & Divorce Associate, Rukhma Sohail, here: https://lnkd.in/egwgHY5s Are you deciding what happens to your pet in your divorce or separation? If you require legal advice or support in regards to your pet in your divorce or separation, contact our Family & Divorce team on 020 7228 0017 now. #LondonLawyers #FamilyLaw #DivorceLaw #LegalAdvice #PetCustody #LondonSolicitors #DivorceSettlement 

Yesterday, Labour’s Autumn 2024 Budget was released, bringing the biggest changes to Inheritance Tax since the Introduction of the Residence Nil Rate Band in 2017. Private Client Partner, Claire Martin, discusses the changes announced in our latest article here: https://lnkd.in/esZ-QsYV If you’re wondering how the IHT changes will impact you or you need help with your tax and estate planning, contact our experienced Private Client team on 020 7228 0017. #LabourAutumnBudget #InheritanceTaxChanges #LondonLawFirm #TaxUpdates #LegalNews #EstatePlanning #WealthManagement #Taxation #UKLaw #FinanceLaw

The Chancellor today announced an increase to the additional rate of Stamp Duty Land Tax (SDLT) due when purchasing a second property. From 31 October 2024, the rates of SDLT applicable for the purchase of an additional property will be: Up to £250,000 - 5% The next £675,000 (the portion from £250,001 to £925,000) - 10% The next £575,000 (the portion from £925,001 to £1.5 million - 15% The remaining amount (the portion above £1.5 million) - 17% The immediate implementation of these rate changes and the delay in publishing the supplementary guidance notes caused panic amongst clients who were left in a state of limbo until the budget policy paper was published. Some concerns were eased by the announcement that any clients who are liable for the additional rate, but who have exchanged contracts prior to 31 October 2024, will not have to pay the increased rate, no matter the date of their completion. Property Partner Steven Bannell comments "Whilst it is for the politicians to argue as to the merits of the increase, I must state that the handling of the announcement shows yet again the disdain that successive governments have had for conveyancing solicitors. Not only were clients left in limbo before the policy paper was published and the Gov.uk SDLT guidance updated, but now many will pressure their solicitor to exchange today. Sadly, this is what we have come to expect. I strongly advise all clients who have any concerns or questions regarding SDLT to seek independent tax advice."

Do you own a block of flats with tenants who wish to buy it from you? Or are you a group of tenants looking to buy the freehold of their block? Whilst the Leasehold and Freehold Reform Act 2024 (the 2024 Act) received Royal Assent at the end of the last Parliament, we do not yet know when it will come into force. Until then, the Leasehold Reform, Housing and Urban Development Act 1993 still stands. Find out what that means for collective enfranchisement claims: read our latest article from Property Partner Steven Bannell: https://lnkd.in/ezCuX2ub Whether you are a tenant or landlord, if you wish to purchase or dispose of a block of flats, you should seek expert advice. Contact our property team today to find out how we can help: 020 7228 0017. #LondonLawyers #Tenants #Landlords #BuyFreehold #LegalSupport #PrivateLawyer #LandlordLawyer #CollectiveEnfranchisement #Enfranchisement

Subletting, re-assigning a lease or sharing possession of a property – these different forms of ‘alienation’ may be permitted or prohibited, depending on the terms of your commercial lease. It is important to understand these provisions and whether or not you wish them to be permitted when negotiating a lease. If you aren’t certain what forms of alienation are allowed on your property, read our handy guide here: https://lnkd.in/enyUptrV Are you involved in a commercial lease? Whether a tenant or landlord, if you need legal advice or support in relation to alienation clauses, or any other aspect of your commercial lease, then get in touch with our Commercial Property team on 020 7228 0017 today. #LondonLawyers #CommercialPropertyLaw #CommercialProperty #LawyersForLandlords #LondonSolicitors #PropertyLaw #AlienationClauses

It’s nearly time for Labour to deliver its Autumn Budget, with many speculating some significant changes to capital gains tax, inheritance tax, pension tax relief and employer national insurance. Partner at Hanne & Co, Claire Martin, has delved into the ramifications of some of these speculated changes here: https://lnkd.in/e3Y57nGB If you’re concerned about how the Budget changes will affect you and your business, contact our experienced team of solicitors can help you, contact us on 020 7228 0017. #OctoberBudget2024 #TaxPlanningLondon #LawyersInLondon #Budget2024 #FinancialPlanning #LegalAdvice 

Co-parenting agreements, particularly within the LGBTQ+ community, are becoming increasingly more common but seeking legal advice early in the process is key to navigating any challenges that might arise. While they aren’t legally binding, drafting a co-parenting agreement can help parents focus on the child’s wellbeing and minimise the risk of conflict later.  Learn more in our latest article from Senior Associate Solicitor, Hazel Kent: https://lnkd.in/dVD7_3bM Contact us for legal advice on your co-parenting agreement on +44 (0) 207 228 0017 today. #LondonLawyer #FamilyLaw #CoParentingAgreements #ChildCustody #FamilyLawyers #FamilyLawFirm #LegalAdvice 

Embryos carry obvious emotional weight, and what happens to them in a divorce can hugely impact the future. The outcome of embryo ownership in a divorce can vary depending on a number of factors, including country, previous agreements and having knowledgeable legal representation. If you or someone you know is facing divorce and has IVF embryos, find out the options, rights and legal considerations in our article by Family Senior Associate Hazel Kent: https://lnkd.in/eXQXwEfb Need support? Call us today on 020 7228 0017. #LondonLawyers #FertilityLaw #DivorceSolicitor

Alienation’ in commercial property leases refers to ways a tenant can handle or dispose of their interest in their property. This can include assigning (akin to selling) the lease, subletting (‘underletting’) the premises, sharing possession with another occupier, and charging the property. Learn more from our landlord guide on alienation provisions, created by Commercial Property solicitor Charlotte Scoffin: https://lnkd.in/enyUptrV Are you a landlord or tenant of a commercial lease? If you need legal advice or support in relation to alienation clauses, or any other aspect of your commercial lease, then get in touch with our Commercial Property team on 020 7228 0017 today. #LondonLawyers #CommercialPropertyLaw #CommercialProperty #LawyersForLandlords #LondonSolicitors #PropertyLaw #AlienationClauses