Will I have to pay Capital Gains Tax when I separate? Many people are not aware that, by moving out of the family home, they may have to pay CapitalGains Tax at a later date. Capital Gains Tax (“CGT”) is a tax on the profit you make when you sell, or dispose of, an asset that has increased in …
How are bonus payments treated in divorce cases?
How are bonus payments treated in divorce cases? This is a common question clients put to their divorce lawyer, and understandably so. Here we consider how bonus payments are dealt with upon divorce and for how long after separation they might be shared with a former spouse or civil …
The risk of future financial claims after divorce
The risk of future financial claims after divorce Many people do not realise that, just because their divorce proceedings have been finalised, the door has not been closed on future financial claims. Many people are, therefore, unknowingly exposed to future financial claims from their ex spouse, …
FREE ADVICE
Free Advice in Divorce Cases Naomi Evans, owner of Evans Solicitors, offers initial advice free of charge. Contact her via email address naomi.evans@evanssolicitors.co.uk to schedule a free discussion or submit an enquiry using the contact form below. …
Beware cash payments in lieu of sharing a deferred bonus
Beware cash payments in lieu of sharing a deferred bonus Those individuals in the process of negotiating a financial settlement upon divorce should be mindful of sharing the risk/liquidity associated with various assets. For example, if too much safer capital, like cash savings, is paid in lieu …
The difference between sharing and needs, to meet the aim of financial independence in divorce cases
The difference between sharing and needs, to meet the aim of financial independence in divorce cases In the courts of England and Wales, the principle for division of assets is that the paying party will pay to the weaker financial party the higher of:- a) an equal share of the marital acquest …
