The division of marital assets is an important consideration in any divorce proceedings. It is important to understand the different types of asset being divided in order to ensure a fair and workable split of any sources of income. There is little point in one party walking away with valuable but illiquid assets that do not generate income as they will soon experience financial difficulties.
RS Forensic assists in divorce proceedings by reviewing the assets held by the parties to ensure that:
- the division of assets is fair;
- the assets can provide the parties with an income; and
- where necessary the parties can achieve a clean break
When deciding on the division of marital assets, the most complex consideration is tax. There are many factors which have a significant impact on the amount of tax payable by the parties upon division of assets and thus on the value of post-tax assets.
We work closely with Roffe Swayne’s tax specialists to ensure that expert advice is given on the division of assets in order to maximise the use of available allowances and find a tax efficient solution. We are regularly asked to advise on the tax implications of the proposed structure and the wording of settlement agreements before they are finalised.
After divorce, Roffe Swayne’s tax specialists can provide advice to ensure that your tax affairs are in order and managed efficiently going forward.
Typically instructed to provide independent and objective expert witness and advisory services in relation to matters involving owner-managed SME businesses.
Tax on the sale or transfer of shares
Tax on the disposal of property
Tax efficient method of sharing business assets