The Streets Sessions is the business podcast brought to you by Streets Chartered Accountants. In each episode, host and Streets Marketing Partner, James Pinchbeck speaks to members of the Streets Chartered Accountants team and members of the business community about important and current issues for the industry.
Tax is unlikely to be on the minds of any separating couple. However, any financial settlement between the two parties will give rise to a taxable situation. It is only through careful planning and consideration that the impact of any tax liabilities can be managed effectively.
In this edition of The Streets Sessions, Jennie Brown, a tax partner with the firm and specialist in the tax matters relating to separation, discusses what couples need to consider, the timing for advice, the need for planning and the benefit of seeking specialist tax advice.