General principles

Tax law changes frequently and detailed professional advice should be sought where necessary. For an introduction to key tax issues to be considered, see Practice Note: Introduction to tax for family lawyers.

Main taxes

The four main taxes that may be relevant in family proceedings are:

  1. income tax

  2. capital gains tax (CGT)

  3. inheritance tax (IHT), and

  4. stamp duty land tax

In some cases issues may arise in relation to the taxation of business assets; specialist advice should be sought, particularly where business assets are to be sold. See Practice Notes: Tax implications of financial orders — Business assets and Special considerations for business assets.

For practical guidance on the principle tax consequences of entering

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