Taxation on Separation and Divorce: A Live Online Course with Jeremy Mindell
Taxation on Separation and Divorce: A Live Online Course with Jeremy Mindell
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Taxation on Separation and Divorce
Tax Issues from Relationship Breakdown to Final Settlement and Beyond
The breakdown of a relationship is emotionally difficult, legally complex and often financially life-changing
But tax can be one of the issues that is overlooked until too late.
Whether the separation is amicable, carefully planned, or highly adversarial, the tax consequences of transferring assets, dividing property, dealing with the family home, restructuring business interests or implementing a court order can be substantial.
In some cases, the difference between a tax-efficient settlement and a badly structured one can be dramatic.
The rules have also changed in important ways. The changes to Principal Private Residence Relief from April 2020, together with the Finance Act 2023 changes on transfers of property between separating spouses and civil partners, mean that advisers need to be alert to both the timing and structure of transactions.
This practical course examines the tax issues that arise on separation, divorce and post-divorce transactions, following the chronology of a relationship breakdown from the initial separation through to financial settlement and later events.
It will consider the key tax traps, planning opportunities and practical points that advisers need to understand when advising separating couples, business owners, and families with valuable assets.
The session will include recent cases, practical examples and guidance on how tax considerations can affect negotiations between the parties.
Price and Booking Details
Price: £199 + VAT for the first delegate
Per-organisation licence: you and up to 10 colleagues from the same organisation may attend at no extra cost — even if they are viewing from different locations or at different times.
So, if 11 people from your organisation attend or watch the recording, the cost per delegate is just £18.09 + VAT.
Small firm rate: £99 + VAT for organisations with four or fewer partners.
This is for one delegate place, with no additional free places.
Delegates will receive full course materials, including:
The full recording of the session
Downloadable slides
A CPD certificate on request
To book your place, simply click the booking button on the top right.
If you do not yet know all your delegate names, you can still reserve places now and add the remaining free delegates later.
Who Should Attend?
The course will be particularly useful for practitioners who regularly advise on divorce, family wealth, property or business assets. and is ideal for:
Family lawyers advising on financial remedies and settlements
Private client lawyers advising individuals and families
Tax advisers and accountants advising separating spouses or civil partners
Lawyers dealing with family businesses and asset transfers
Financial advisers involved in divorce and settlement planning
What You Will Learn
By the end of the course, you will:
Understand the main tax consequences of separation and divorce
Recognise the significance of timing, especially the year of separation
Understand the impact of the Finance Act 2023 changes on transfers between separating spouses and civil partners
Identify when CGT may arise on transfers of assets
Understand the role and limitations of holdover relief
Recognise the tax issues affecting the family home and Principal Private Residence Relief
Understand how family businesses can complicate divorce settlements
Be aware of tax issues arising from court orders, contracts and maintenance arrangements
Identify overseas and remarriage issues that may affect tax planning
Appreciate how tax liabilities can change the real value of a settlement
Topics Covered
This practical 2-hour session will examine the key tax issues in chronological order, including:
Separation and the Tax Year
CGT in the year of separation
Why timing matters
The practical significance of the date of separation
Planning points before the tax year ends
Common mistakes made at the outset
CGT After the Year of Separation
The position once the tax year of separation has passed
When transfers may trigger tax
The impact of delayed settlements
How the Finance Act 2023 changes affect the position
Practical implications for advisers and clients
Transfers of Assets Between Separating Spouses and Civil Partners
The tax treatment of asset transfers
No gain/no loss treatment and its limits
Transfers under formal agreements and court orders
Timing, documentation and implementation issues
How to avoid unexpected tax liabilities
Principal Private Residence Relief and the Family Home
The changes to Principal Private Residence Relief from April 2020
Occupation, absence and disposal issues
Transfers of interests in the matrimonial home
Deferred sales and Mesher-style arrangements
Practical problems where one party has already left the home
Holdover Relief
When holdover relief may be available
When it may not assist
The interaction between holdover relief and divorce settlements
Practical examples and traps
The Family Business
Shares in family companies
Transfers of business assets
Valuation and liquidity issues
Employment and ownership complications
How tax can affect the structure and value of the settlement
Courts, Contracts and Orders
The tax effect of court orders and negotiated agreements
How drafting can affect tax consequences
The importance of building tax into settlement negotiations
Why legal form and timing matter
Maintenance, Children and Later Events
Maintenance for children
Post-divorce transactions
Overseas aspects
Remarriage and later restructuring
Practical issues that can arise after the divorce has been finalised
Why This Course Matters
Tax is not the only factor in divorce and separation, but it can materially change the outcome.
A settlement that appears fair on paper may look very different once CGT, property reliefs, business tax issues or the timing of transfers are taken into account.
For advisers, the key is to identify tax issues early enough for them to be factored into negotiations, court orders and settlement structures.
This course will help practitioners recognise where the tax risks lie, when specialist input is needed, and how to avoid settlements being undermined by unexpected liabilities.
The aim is to give advisers a clear and practical understanding of how tax operates in this sensitive and important area — and how to ensure that the financial consequences of separation and divorce are properly understood before decisions are made.
Jeremy Mindell has been lecturing in taxation for over 20 years. Known on the circuit as an accomplished and entertaining speaker, Jeremy is in high demand for tax, pensions, share schemes and remuneration events. He has developed a specialism in International Corporate Tax, including the new Diverted Profits Tax, transfer pricing and the OECD BEPS project. Jeremy is one of the few individuals in the country who has both qualified as a Chartered Tax Advisor but also has a Masters from the Chartered Institute of Personnel Development. Jeremy worked for three big four firms focusing on employment taxation, expatriate tax, International tax, profit related pay, US taxation and share schemes and HMRC investigations. Following this Jeremy worked at AMP and Henderson Global Investors where he was a Director of the Pension Scheme. He is on the IFS Pro-Share advisory panel and a member of the Worshipful Company of Tax Advisors’ panel.
Important Notes about Booking