Agreements between businesses and individuals occur on a daily basis, but what does it take to make them legally binding? Peter Begbie explains. A written contract is a common – and often most advisable – way of legally formalising an agreement. However, it is also possible to establish
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Scottish property sales have risen to their highest level in 11 years as buyers brush aside fears over Brexit. New figures from Aberdein Considine’s Property Monitor report show that homes collectively worth £3.4 billion changed hands during January, February and March this year –
Scotland’s national drink has secured enhanced legal protection in South Korea after the Scotch Whisky Association’s application to register “Scotch Whisky” as a certification trademark was successful. Amongst other things, Scotch Whisky must be aged in oak casks in Scotland
On Monday 1 April HMRC launched a consultation regarding two changes to Private Residence Relief (PRR) which were announced in the 2018 Budget. PRR applies to the sale of a property which has been the owner’s only, or main, residence at some point during the ownership period. Max Chassels
Harper Macleod LLP has supported Shetland business Laurence Odie Knitwear Ltd in the company’s recent move to employee ownership.
The legal smoking age would rise from 18 to 21 under new proposals being considered by the Scottish government, The Herald reports. The government will host a conference this year to discuss the increase as part of its aim to create a ‘tobacco-free generation’ by 2034.
Scottish businesses are being warned to prepare for the VAT implications of a no deal Brexit according to accountants and financial advisers French Duncan. Letters from HMRC are currently being issued telling firms about the changes which will affect all businesses which are VAT registered and which
The UK property market has peaked, and average prices are falling according to a property management firm. Apropos by DJ Alexander Ltd has analysed official data and found that average prices in all parts of the UK (with the exception of Wales which continues to increase in average price) peaked bet
From November 2018 to January 2019, the average selling price in east central Scotland rose to £239,709, a 3.6 per cent increase compared to the same period last year, ESPC reports. This is a less pronounced increase than in previous months – in ESPC’s December and November House P
The European Commission has fined Mastercard €570 million for limiting the possibility for merchants to benefit from better conditions offered by banks established elsewhere in the Single Market, in breach of EU antitrust rules. Mastercard is the second largest card scheme in the European
Members of the Faculty of Advocates and staff have raised £301 at a book sale in aid of the Scottish Book Trust. The sale was organised by Jane Condie, of the Advocates Library, as part of Book Week Scotland. Scores of paperbacks and hardbacks were donated, and found their way to new owners fo
Trade mark applications coming from Scotland have risen by 25 per cent in the past year, according to new figures. Intellectual property specialist Marks & Clerk said that data from the Intellectual Property Office showed trade mark applications rose by 24.8 per cent last year to 3,417 and
A pensioner who identifies as middle-aged has launched a legal bid to have his age changed in order to improve his prospects on dating app Tinder. Emile Ratelband, who is 69 years old but feels 49, had his application for a new birth date rejected by a local authority.
From August to October 2018, there was a marked increase of 10.9 per cent in the number of properties coming to market compared to the same period last year in the east of Scotland, according to the latest ESPC house price report. In Edinburgh specifically, there was a 5.6 per cent increase compared
Rodney Whyte looks at the gains made by LBTT and what needs to be done to maintain them. As a specialist in land acquisition and housebuilding, it was encouraging to note that revenue from the Land and Building Transaction Tax (LBTT) in the last full financial year rose by 12.8 per cent to £54
