Money Corner
Money Corner: New Tax Landscape for High Net Worth Divorces
The dust has (almost) settled following the Autumn Budget and April 2025 will bring about one of the biggest overhauls of the way the UK taxes foreign individuals in decades. This piece covers the changes to the non-domicile (non-dom) regime and the other smaller measures announced in the budget that will have an impact on high net worth (HNW) and international divorces.
- Journal
- Money Corner
- High Net Worth
- Tax
- Non-Domicile
!18/03/2025 06:00
Money Corner: Spring (Cleaning) Budget: Out with the LTAs and in with the LSAs
Peter Turnbull discusses the LTA as it was; introduces the new allowances that have replaced the LTA; and highlights issues family lawyers may need to consider.
- Journal
- Money Corner
- LTA
!01/07/2024 07:00
Money Corner: Financial Planning for Non-UK Resident Beneficiaries of Pension Shares
Once a pension sharing order is obtained from the courts in England and Wales, the division of pension assets between UK residents is usually straightforward. For non-UK resident beneficiaries, a myriad of challenges emerges, ranging from accessibility and tax considerations to investment decisions and currency risks.
- Journal
- Pensions on Divorce
- Money Corner
!13/03/2024 07:00
Money Corner: Welcome Change to Capital Gains Tax Rules on Divorce
For many years, capital gains tax (CGT) has often been a major stumbling block in financial settlements. Transferring assets around could give rise to tax liabilities in the hands of the transferring spouse who is usually not receiving any sales proceeds with which to pay what is known as a dry tax charge.
- Journal
- Money Corner
!21/11/2023 07:00
Money Corner: Mortgage Capacity from a Broker’s Perspective
The last 12 months has seen substantial changes in the mortgage market, the products that are available and adjustments to the way in which lenders assess affordability for mortgages.It has been widely reported that the interest rates on mortgages are cur…
- Journal
- Money Corner
- Mortgage Capacity
!03/07/2023 08:00
Money Corner: Did the 2022 Permacrisis Reduce Your Client’s Pension Credit?
2022, a year that we all hoped would usher in a return to normal following the COVID-19 pandemic, turned out to be full of seismic shifts, and it was certainly a stark reminder that the value of investments can go down as well as up. Investors had to face…
- Journal
- Money Corner
!27/03/2023 09:52
Money Corner: RPI v CPI – Why Inflation Matters in a Divorce Settlement
The rising cost of living has brought into focus the importance of considering inflation when negotiating divorce settlements.While many of us are aware of the eroding effect of inflation on wealth over time, what is less well known is that there are vari…
- Journal
- Money Corner
!17/10/2022 10:48
Money Corner: Financial Protection and Divorce
The area of financial protection is one that most of us first come across when we are buying a house. The mortgage adviser will deftly remind us of all the things that might go wrong for our family if we were to become seriously ill or die. During my trai…
- Journal
- divorce
- Money Corner
!01/04/2022 05:52
©2024 Class Legal classlegal.com
