Tax Implications of a Divorce – 3 Key Tips

The key thing is to properly gather all the information at an early stage, so that your lawyer can then advise you as to what your entitlement or exposure is going to be.

  1. Structure the divorce settlement in such a way that is tax effective.
  2. Ensure that you have all the details regarding any outstanding tax, such as PAYE or provisional tax in a company structure. Also ensure that disclosure of salaries of either party including bonuses have been made.
  3. Consult an accountant on the above issues to ensure that you obtain the proper entitlements.

"The information posted on this website is prepared for a general audience, without investigation into the facts of any particular case. This information is no substitute for legal advice and does not create a lawyer-client relationship; you are advised to consult with a lawyer on any legal issue."

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