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:

•
income tax
•
capital gains tax (CGT)
•
inheritance tax (IHT), and
•
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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