Divorce and separation
Divorce and separation can be a difficult and emotional time for the family, and as such tax can easily be overlooked.
There are frequently unexpected tax charges as a consequence of transferring assets under a divorce or separation, which are often avoidable if appropriate advice is taken in advance.
Furthermore, non-domiciled individuals separating or getting divorced may need to use offshore funds as part of any settlement to their former partner. This can trigger an inadvertent remittance tax charge which could otherwise be avoided with appropriate upfront planning.
We can also advise on issues arising in other jurisdictions, calling on the expertise of member firms in the Andersen Global association.