The Taxation of Trusts: A Review HM Revenue & Customs launches a new consultation Following the Office of Tax Simplification’s recent review of inheritance tax (see article here), HM Revenue & Customs (‘HMRC’) has launched a consultation in line with the government’s commitment at Autumn Budget 2017 to make the taxation of trusts simpler, fairer…
The unmarried family is more common than ever before, and its breakdown presents the same complex array of issues requiring resolution as if a couple were married.
A crucial difference, however, is that, where couples are unmarried, there is at present no provision in English law under which one party can obtain financial support from the other in their own right: such support has to form part of orders made for the benefit of the children of the family. Disputes about the division of property have to be resolved under the principles of trust law.
This means that people, often when at their most vulnerable both emotionally and financially, are faced with a daunting and complex series of steps to take to resolve financial issues with their former partner.
We are experienced in these aspects.