There are many potential tax implications to consider upon separation, particularly if there is an international dimension to your assets.
The most common is the payment of capital gains tax following the disposal of a capital asset, for example property or shares. You will need to be aware of any deadlines, exemptions and ways in which to mitigate your liabilities. You may also have inheritance tax issues that will influence the way in which you divide assets.
The family team at Anthony Gold cannot provide tax advice but can refer you to a professional in this field to advise you of any potential tax liabilities. This is important as an unanticipated liability can devalue what you might expect to receive following separation.
We want to help you mitigate any tax risks and be aware of any benefits or pitfalls that come with a certain course of action.
Please contact the family team at Anthony Gold by email at: ova@anthonygold.co.uk for further information.
