An increasing number of wealthy families in the UK are making more claims for inheritance tax repayments under a little-known rule that allows refunds on share and property losses. Under the rule, executors are allowed to apply for IHT refunds on losses made ont he sale of inherited securities, incl
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Perth-based property consultancy firm Bidwells has been successful in securing a further term as managing agents for Crown Estate Scotland’s coastal portfolio. Crown Estate Scotland recently put a number of property management contracts out for a retender with a full public procurement exercis
A woman declared dead by a court is still struggling to undo the ruling more than three years after pointing out she's still alive.
Thousands of small business across the UK are set to receive insurance payouts covering losses from the first coronavirus lockdown after the Supreme Court substantially allowed the Financial Conduct Authority’s (FCA) appeal on behalf of policyholders in its business interruption insurance test
A woman who ran two Fife hotels has been jailed for a £380,000 VAT fraud. Lesley Dykes of Markinch stole the money during a five-year fraud, an HM Revenue and Customs (HMRC) investigation revealed.
Edinburgh-based marine renewables specialist QED Naval has launched its first crowdfunding campaign after the acquisition of the Dutch Oosterschelde Tidal Power (OTP) project, the largest tidal turbine array in the world. The firm is now expanding its plans to disrupt the energy sector wit
A report led by Dame Sara Thornton, the UK's Independent Anti-Slavery Commissioner, has found worryingly low levels of awareness of forced labour and exploitation of workers in the UK's financial sector. It found that nearly half of bankers and other finance staff don’t know about the na
More than £55 million in coronavirus support has been paid out to businesses between October and December through Scottish Government funds. Statistics show 13,462 grants totalling £31.4m were processed through the Strategic Framework Business Fund (SFBF) between 2 November and 28 Decemb
Proposals have been revealed for a new £33.8 million leisure-led development at West Kinfauns, Perthshire. The leisure-based destination is being proposed by plant machinery company, Morris Leslie, which has its headquarters at West Kinfauns.
Dundee-based sports video game developer Digital Sports Arena has secured a global publishing deal with international games group Playstack for its latest game, GameDayLive.
PwC in Scotland has made eight director promotions across its assurance, tax and advisory practices, with women accounting for almost two-thirds of the new roles. Of the eight directors named by the professional services firm, five are women. PwC employs more than 1,000 people across three offices i
During 2020 there were a record number of new limited companies set up to hold buy-to-let properties, according to research published by Hamptons. Last year there were a total of 41,700 buy-to-let incorporations, an increase of 23% on 2019. The numbers have more than doubled since 2016, rising 128%,
Seven in ten first-time buyers took out mortgages beyond the traditional term of 25 years in 2020, compared with just under half a decade ago, according to Nationwide's monthly House Price Index. According to the report, around 70% of first-time buyers took out a mortgage with an initial term of mor
The office market in Edinburgh remained robust in 2020 despite the upheaval of COVID-19, according to the latest figures on the office markets in Edinburgh and Glasgow released by CBRE. Over the final quarter of 2020, office take-up in Edinburgh totalled 103,444 sq ft, which is only a 2.46% decrease
The Scottish Government has awarded a £2.32 million contract to KPMG on behalf of NHS Scotland.