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Loan Losses Could Not Be Used Against Later Profits, FTT Rules

In a case which illustrates the likely approach courts and tribunals will take to anti-avoidance legislation, the First-tier Tribunal (FTT) has found that a holding company's non-trading loan relationship deficits could not be set off against its profits ...

FCA Acts to Combat Misleading Financial Promotions

Consumers should always be sure that they fully understand any financial product they intend to use and that they only deal with reputable providers. A recent report on steps taken by the Financial Conduct Authority (FCA) in 2024 against misleading financial...

FTT Could Not Consider Tenancy Deposit Recovery Claim

Tenants who wish to challenge any deductions made from their deposits at the end of their tenancies should ensure they follow the dispute resolution procedures of the relevant tenancy deposit scheme. Recently, a tenant who instead applied to the First-tier...

Permission to Serve Claim Upheld in Overseas Debt Case

The courts have a panoply of powers at their disposal to assist with the collection of debts. Recently, the High Court rejected an application to set aside an order granting permission for a Chinese company to serve debt enforcement proceedings on a UK...

Disinherited Daughter Awarded £125,000 from Father's Estate

A woman who was left nothing in her father's will has succeeded in her claim under the Inheritance (Provision for Family and Dependants) Act 1975 for reasonable financial provision from his estate. Her father had passed away in 2020, leaving an estate...

Divorce Applications Made One Day Early Voidable, Not Void

The High Court recently ruled on an application by the Lord Chancellor for declarations that the marriages of 79 couples no longer subsisted on the date of their final divorce orders, despite those divorce orders having been applied for a day too early. ...

Son Entitled to Shares Under Oral Agreement

When entering into business relationships, it is always sensible to record any agreements in writing to minimise the risk of later disputes. The point was demonstrated in a recent case in which the High Court upheld a man's claim that he was entitled under...

Landlords Had Reasonable Excuse for Failure to License HMO

A couple who let out a house in multiple occupation (HMO) have defeated an application for a rent repayment order under Section 41 of the Housing and Planning Act 2016 on the basis that they had a reasonable excuse for failing to license the property as an...

ICO Issues Reprimand to NHS Trust Over SAR Response Delays

An NHS trust has been issued with a reprimand by the Information Commissioner's Office (ICO) for failing to respond to subject access requests (SARs) in a timely manner. Article 12(3) of the UK General Data Protection Regulation (GDPR) requires data...

HMRC Estimate 1.1 Million Taxpayers Missed Self-Assessment Deadline

HM Revenue and Customs (HMRC) have announced that more than 11.5 million taxpayers filed self-assessment tax returns for the 2023/24 tax year by the deadline of 31 January 2025. HMRC had received 11,509,810 returns by the deadline, down slightly from...
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