Divorce and Relationship Breakdown – Essential Tax Planning

OBJECTIVES

Provide a technical overview of the tax consequences arising from divorce and relationship breakdown with a particular focus on business owners. Understand the implications of spouses owning shares in a business, how this can be dealt with on divorce and HMRC’s view on different mechanisms.

KEY TOPICS

• CGT consequences of transfers of assets on divorce
• Business succession planning following divorce
• Splitting a company between spouses
• Using cash in a company to fund a divorce settlement

WHO SHOULD ATTEND

This course has cover the basics of the CGT treatment of sharing assets on divorce right through to undertaking demergers to split a company’s assets between the individuals.

Therefore, the course is best suited to partners and managers seeking to gain an understanding of the options available to their clients in these situations