Family

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Basic tax information for couples

The tax implications for both spouses of any proposed payments or transfers should be considered before any orders are made or agreement is reached, and the court itself will take into account tax implications when considering what financial arrangements should be made. In divorce cases involving substantial assets it may be appropriate to instruct an accountant in addition to specialist family lawyers.

The relationship between a husband and wife is recognised in a number of ways by the tax system. When that relationship ends, the tax rules which apply to the couple change.

We hope that you find the following tax information helpful:

• Basic Tax Information Guidance Note