Employment lawyer Stockport with bromleys.co.uk? Stockport Metropolitan Borough Council has embarked on an ambitious regeneration scheme, known as Future Stockport. The plan is to bring more than 3000 residents into the centre of the town and revitalise its residential property and retail markets in a similar fashion to the nearby city of Manchester. Many ex-industrial areas around the town’s core will be brought back into productive use as mixed-use residential and commercial developments. Property development company FreshStart Living has been involved in redeveloping a former mill building in the town centre, St Thomas Place. The company plan to transform the mill into 51 residential apartments as part of the regeneration of Stockport.
We understand that as an employer, ensuring you have a comprehensive legal framework in-place is crucial to the success of your business and the well-being of your employees. Our legal expertise covers all aspects of employment law and our team have a strong understanding of the fast-paced nature of the field. With employment rules and regulations in a constant state of change, our attention to detail sets us apart and leaves you feeling confident you’ve put your trust in the right solicitors. From drafting workplace policies, to more divisive matters such as discrimination – Bromleys are well-placed to provide both the highest level of service and handle all cases sensitively.
Bromleys is the trading name of Bromleys Solicitors LLP, formerly known as Bromley Hyde & Robinson. We’ve been based in Ashton-under-Lyne for over 175 years and are authorised and regulated by the Solicitors Regulation Authority. We have an excellent reputation with our clients, peers and the wider business community and pride ourselves on providing clear, concise legal advice. Over the years, we have grown organically while also acquiring and merging with other local practices. We now occupy a prominent position in the heart of Ashton-under-Lyne in the top three floors of the old fire station. Our offices overlook the market square and the historic Ashton-under-Lyne town hall. Read extra info on https://www.bromleys.co.uk/employment/.
A more common problem for the Executor is how to fund an Inheritance Tax bill when assets have to be sold to fund it. HMRC expect Inheritance Tax to be paid within six months of the date of death. After this time, HMRC will start charging interest on the unpaid tax. The bigger catch is that the Executor cannot sell the assets until probate has been granted. It is possible to release funds from cash and certain investments to pay the Inheritance Tax bill. If there is a property, then the tax on the property can be paid in instalments. However, you still need to find 10% of the bill within six months of the date of death. Which depending on the value could be more than is available in liquid cash. The tax affairs of a deceased person’s estate can be very tricky to deal with and you should always seek advice if you are uncertain of how to act in your capacity as Executor.
A Deed of Variation is an instrument by which, after a death, a beneficiary can divert their entitlement under a Will or Intestacy to somebody else. The effect of using a Deed of Variation rather than the person just gifting their legacy or entitlement to a third party is that there are no tax consequences for the original beneficiary, it is deemed as though the deceased made the gift. The terms of the Deed of Variation are ‘written back’ into the Will or alter the Intestacy Rules for Inheritance Tax and Capital Gains Tax purposes. Find additional information on https://www.bromleys.co.uk/.