Tax Implications on Family Breakdown

Tax Implications on Family Breakdown

by Sofia Thomas, James Pirrie

NOOK Book(eBook)

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Overview

Co-written by a leading tax expert and a family lawyer, Tax Implications on Family Breakdown provides answers to the common problems encountered in financial remedy cases, in a way that will assist professionals from each discipline.

Family law practitioners will find a grounding in tax to help them to spot issues that arise upon family breakdown or financial remedies proceedings, whilst tax practitioners will gain the knowledge needed on tax implications in family separation to maintain an in-house practice in this area. In addition, it enables these practitioners to engage successfully to ensure that all necessary information is available to the court, or within alternative dispute resolution processes.

Flow charts, checklists and step-by-step chapters breakdown complex information, and precedent material is included to engage the 'Part 25' expert with maximum safety and efficiency.

Tax Implications on Family Breakdown covers:
Tax law as at 6 April 2020
The significant changes to Capital Gains Tax payment and reporting from 2020
FPR 2010, Part 25 as at Spring 2020

Product Details

ISBN-13: 9781526512352
Publisher: Bloomsbury Publishing
Publication date: 06/20/2020
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 400
File size: 8 MB

About the Author

Sofia Thomas is a chartered tax advisor and founder of Sofia Thomas Ltd, a tax practice which focuses on partnering with family solicitors to provide tax advice to their clients on family breakdown. Sofia is an expert contributor for the BBC, a committee member of Women in Tax and associate member of Resolution.

James Pirrie is a solicitor, arbitrator, mediator and collaborative lawyer and has been listed in Chambers UK and The Legal 500 UK as a top ranked, leading individual for many years. A specialist in complex financial issues, with CII tax qualifications, James is co-author of a range of books across the FR field and co-authored Resolution's Guidance Note: First Directions Appointments (2018) and Instruction of accountant experts.

Table of Contents

Chapter 1 Overview of the UK Taxation System
Chapter 2 HMRC Powers: Penalties and Investigations
Chapter 3 Residency and Domicile
Chapter 4 Income Tax Overview
Chapter 5 The Employee
Chapter 6 Self-employed and Partnerships
Chapter 7 The Owner Managed Business
Chapter 8 Complex Earnings – Employee share schemes
Chapter 9 Pensions
Chapter 10 Capital Gains Tax Overview
Chapter 11 The Family Home
Chapter 12 Investment Properties
Chapter 13 Chattels and Investments
Chapter 14 Extracting Money from a Company
Chapter 15 Land Taxes
Chapter 16 We let down our clients by making insufficient use of available experts
Appendices
Appendix 1 The detailed chronology of rules relating to the instruction of the part 25 expert
Appendix 2 Where multiple experts are involved
Appendix 3 Checklist for situations where expert tax evidence may be required
Appendix 4 Form of enquiry letter
Appendix 5 Form of draft order
Appendix 6 Form of instructions
Appendix 7 Model form D11
Appendix 8 Possible agenda points for telephoned discussion with expert
Appendix 9 Case quotes for fundamentals and principles table from page 266
Appendix 10 Part 25

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