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Tax

Money Corner: New Tax Landscape for High Net Worth Divorces

Money Corner: New Tax Landscape for High Net Worth Divorces

The dust has (almost) settled following the Autumn Budget and April 2025 will bring about one of the biggest overhauls of the way the UK taxes foreign individuals in decades. This piece covers the changes to the non-domicile (non-dom) regime and the other smaller measures announced in the budget that

Stamp Duty Land Tax and Divorce

Stamp Duty Land Tax and Divorce

This is sometimes the forgotten tax on divorce. Maybe this is fair enough as there is a pretty clear exemption in tax law that states that stamp duty land tax (SDLT) will not apply to transfers pursuant to divorce. However, the last few years have seen the introduction of two

ED v OF [2024] EWFC 297

https://caselaw.nationalarchives.gov.uk/ewfc/2024/297 Cusworth J. Financial remedy proceedings relating to the valuation and division of a high-value music catalogue as a key matrimonial asset. Background H and W were married for 16 years and had two children. H was a notable songwriter and music producer.

ES v SS [No.2] [2024] EWFC 59

https://www.bailii.org/ew/cases/EWFC/HCJ/2024/59.html Sir Jonathan Cohen: determination as to the distribution of trust assets following a final hearing. In October 2023, the court handed down a substantive judgment in the parties’ financial remedies proceedings. The effect of the final order was H

Tsvetkov v Khayrova [2023] EWFC 130 and [2023] EWFC 131 (costs)

https://caselaw.nationalarchives.gov.uk/ewfc/2023/130 Costs: https://caselaw.nationalarchives.gov.uk/ewfc/2023/130 Peel J. Final Hearing of H’s Financial Remedy application. The parties were born in Russia. The parties hold Russian, UK and Cypriot passports. H is 42 and W is 36. They have