Divorce Tax
Don’t let divorce leave you financially devastated – there’s more to it than just a lawyer.
Divorce can have a huge impact on your finances, but did you know that your tax advisor can also play a vital role? Our team of divorce tax specialist takes a holistic approach, working closely with lawyers and forensic experts to ensure you receive well-rounded practical advice.
Let our team of tax experts ease your burden during times of financial uncertainty. Our divorce and seperation tax services include:
- Reviewing capital gains tax positions, assessing filing obligations, and advising on potential Stamp Duty Land Tax implications.
- We have expertise in examining the tax implications of businesses during divorce and can provide guidance on the availability of tax relief. With our assistance, you can avoid missing out on important changes in respect of the reliefs available on the disposal of the main home, which is usually the primary asset in a divorce settlement.
- Evaluate the need to file self-assessment tax returns and fulfill the obligation of submitting them to HM Revenue & Customs. This typically arises in situations where there are fresh sources of income, such as from renting out property or managing investment portfolios.
- Examine the status of Trusts and Offshore affairs and offer guidance accordingly.
- Advise on pre and post nuptial agreements while collaborating with legal professionals.
- Feel secure knowing that you’ve made informed decisions when transferring or disposing of assets and filing self-assessment tax returns.
Don’t let divorce take a toll on your finances. Contact us today to find out how we can help you achieve a fair settlement with the help of our expert tax advisors.