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Business owner divorce

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Posted by Dal Heran on 01 March 2016

Dal Heran Partner

We acted for the wife of a business owner in divorce proceedings.

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.

About the author

Dal Heran

Partner

Dal is experienced in all aspects of family law which include complex financial disputes in a wide range of cases from high net worth business, substantial pensions and cases with significant pre-marital assets.

Dal Heran

Dal is experienced in all aspects of family law which include complex financial disputes in a wide range of cases from high net worth business, substantial pensions and cases with significant pre-marital assets.

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