Marriage, Separation and Divorce - The Tax Angle

Major personal milestones with implications for tax.

For tax purposes, the same rules apply whether you are married or in a registered civil partnership. The terms ‘spouse’ and ‘couple’ are used here to refer to both relationships. If you are cohabiting — living with someone without a formal, legal basis to the relationship — the basic tax position can be different. Though some coverage here will be relevant to you, such as the rules on the High Income Child Benefit Charge (HICBC), further advice is recommended, especially as regards what happens to the family home on death or separation.

Previous
Previous

Libby Gilchrist - 1968 to 2024

Next
Next

Using Cash Basis Accounting