Matrimonial assets included the former matrimonial home worth and a French château worth. The husband also owned business premises from which he operated an antiques business.
The wife had to take early (and successful) injunction proceedings to stop the husband taking the proceeds from the sale of the business premises to France. The husband was also unwilling to co-operate in the production of documentation.
Capital gains tax relating to the disposal of the French property became an issue as did the tax implications of the joint ownership of the antiques’ business (although the wife had no input into it). This raised issues of income tax on her behalf which needed to be provided for is part of the financial settlement.
Billed as a once-in-a-generation budget, it was packed with announcements. But there will surely be much more to come in the years ahead as the UK seeks to grow its economy, not least an increase in the VAT rate as the deficit is reduced through higher tax revenues rather than spending cuts.