Article Category: Insight & Opinion

Could an Employee Ownership Trust be Suitable for You?

If you are looking at the options available for exiting your business, an Employee Ownership Trust (EOT) may be worth considering. Previously, an individual looking to sell their shares in their company to a trust for the benefit of the employees faced a potentially significant tax charge. However, since the introduction of the EOT under… Read more »

Millions More Could Soon be Eligible for Statutory Sick Pay

The government has recently announced a review of Statutory Sick Pay (SSP). The review will look to tackle some of the major challenges presented by the modern-day working world where far too many people are quitting work after a period of sickness absence and many people now work on freelance or short-term contracts (known as… Read more »

Do I Have to Approve a Request for Flexible Working?

All employees, not just parents and carers, who have worked continuously for their employer for at least 26 weeks may apply to work flexibly. The application should be made in writing, stating their intended start date, details of how they wish to work, potential impact on the business with any possible solutions to overcome this… Read more »

Restrictive Covenants and The Blue Pencil Test

Restrictive covenants are commonly incorporated into employment contracts in order to restrict a former employee’s actions post-termination and to protect the company’s legitimate business interests. Recently, the Supreme Court considered restrictive covenants that appeared to be wider than was reasonable and therefore potentially unenforceable. The question to be determined was whether words could be severed… Read more »

Selling your house? Essential documents you should provide

Gathering the right documents for your Solicitor at the start of selling your house could save time, delays and expense. Providing your identification documents (ID) and instruction forms quickly will enable your solicitor to open a file for you and conduct their compliance checks. Gather your funding information at the outset. Solicitors are required by… Read more »

Buying a New Build Property: What should you consider?

As the government pledges to build one million homes nationwide over the next three to five years, they have also developed incentives to help potential buyers make a purchase. Schemes such as ‘Help to Buy’ have assisted first time buyers and those struggling to get on the property ladder. First time buyers also have a… Read more »

Chancel Repair Liability: is it Still an Issue for Home Buyers?

Chancel Repair Liability (CRL) is a financial obligation imposed on some property owners in England and Wales to pay for certain repairs to a church which may or may not be the local parish church. The liability attaches to the land and can extend to property situated a long way from a church, making it… Read more »

Gazumping Explained – What it is and How to Avoid Being Gazumped

What is Gazumping and Why is it Happening? Gazumping occurs when a higher offer for a property is made after an offer has already been accepted by the seller. This succeeds in obtaining the property, leaving the previous would-be buyer without the property and suffering a financial loss from incurred legal fees. The national average… Read more »