Docklands Solicitor

Latest legal news from Docklands Solicitors, Kaslers Solicitors LLP.

Friday, 28 August 2009


Liability of Non-executive Directors

They must take an active role in the company, otherwise they may be held to be in breach of duty.

When an executive director stole many millions and carried out transactions with connected parties, the company sued 2 non-executive directors.

It was held that they should have quizzed him on the deals, all the more so because they knew of his past fraudulent activities

Labels: ,

Tuesday, 25 August 2009


Inheritance Tax Joint Assets

In many cases assets owned in the joint names of the deceased and somebody else, pass automatically to the joint owner regardless of what is written in any Will or the Intestacy Rules. However, this does not mean that such assets are exempt from Inheritance Tax.

Inheritance Tax is payable on the value of the Deceaseds estate over 325,000 pounds at the rate of 40%. (Tax year 2009/10). This includes all the Deceased assets including those held in joint names.

Failure to disclose any assets whether held in sole or joint names may lead to penalties of up to 100% of the additional tax payable.

For further information contact Vanessa Adamson at Kaslers Solicitors LLP on 01622 844607.

Labels: , , ,

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]


Call Michael Breeze on 07900 195 195 or call 0845 270 2511 to if you need legal advise about any of these issues

Kaslers Solicitors LLP is a limited liability partnership registered in England under LLP no. OC310653; authorised and regulated by the Solicitors Regulation Authority under reg no 408936; governed by professional rules set out in the Code of Conduct click here to visit and has its registered office / main trading address at Suite 3, 10 Churchill Square, Kings Hill, West Malling, Kent ME19 4YU - tel: +44 (0)845 270 2511; fax: +44 (0)845 270 2513; DX 92863 West Malling.
The LLP Members are Michael D Breeze LL.B (Hons) (SRA reg no 110184) and Simon McCree Scott LL.B (Hons) (SRA reg no 298202).