Co-written by a leading tax expert and a family lawyer, Tax Implications on Family Breakdown provides answers to the common problems encountered in financial remedy cases, in a way that will assist professionals from each discipline.

Family law practitioners will find a grounding in tax to help them to spot issues that arise upon family breakdown or financial remedies proceedings, whilst tax practitioners will gain the knowledge needed on tax implications in family separation to maintain an in-house practice in this area. In addition, it enables these practitioners to engage successfully to ensure that all necessary information is available to the court, or within alternative dispute resolution processes.

Flow charts, checklists and step-by-step chapters breakdown complex information, and precedent material is included to engage the 'Part 25' expert with maximum safety and efficiency.

Tax Implications on Family Breakdown covers:
Tax law as at 6 April 2020
The significant changes to Capital Gains Tax payment and reporting from 2020
FPR 2010, Part 25 as at Spring 2020

Chapter 1 Overview of the UK Taxation System
Chapter 2 HMRC Powers: Penalties and Investigations
Chapter 3 Residency and Domicile
Chapter 4 Income Tax Overview
Chapter 5 The Employee
Chapter 6 Self-employed and Partnerships
Chapter 7 The Owner Managed Business
Chapter 8 Complex Earnings – Employee share schemes
Chapter 9 Pensions
Chapter 10 Capital Gains Tax Overview
Chapter 11 The Family Home
Chapter 12 Investment Properties
Chapter 13 Chattels and Investments
Chapter 14 Extracting Money from a Company
Chapter 15 Land Taxes
Chapter 16 We let down our clients by making insufficient use of available experts
Appendices
Appendix 1 The detailed chronology of rules relating to the instruction of the part 25 expert
Appendix 2 Where multiple experts are involved
Appendix 3 Checklist for situations where expert tax evidence may be required
Appendix 4 Form of enquiry letter
Appendix 5 Form of draft order
Appendix 6 Form of instructions
Appendix 7 Model form D11
Appendix 8 Possible agenda points for telephoned discussion with expert
Appendix 9 Case quotes for fundamentals and principles table from page 266
Appendix 10 Part 25

“All you need to know on where taxation meets the family law financial remedy…invaluable to…the “forgotten” area of financial remedies: the tax gatherer.”” –  Richmond Chambers

“Although this book is directed at family law practitioners, for whom it is essential, it is equally of interest to tax practitioners who do not deal with divorce cases all the time. It shows how the tax law must be applied to a particular type of client and will be useful on any private client practitioner's bookshelf.” –  Law Skills

“...an excellent practical guide to matrimonial tax for family lawyers.” –  TAXline Magazine