Tax Implications on Family Breakdown
Co-written by a leading tax expert, Sofia Thomas and top family lawyer, James Pirrie, Tax Implications on Family Breakdown provides answers to the common problems encountered in financial remedy cases, in a way that will assist professionals from each discipline.
Family law practitioners will find a grounding in tax to help them to spot issues that arise upon family breakdown or financial remedies proceedings, whilst tax practitioners will gain the knowledge needed on tax implications in family separation to maintain an in-house practice in this area. In addition, it enables these practitioners to engage successfully to ensure that all necessary information is available to the court, or within alternative dispute resolution processes.
Flow charts, checklists and step-by-step chapters breakdown complex information, and precedent material is included to engage the ‘Part 25’ expert with maximum safety and efficiency.
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Frequently Asked Questions
Yes, Sofia can sit in on mediations to assist with any tax queries which may arise during the day. Depending on the length and complexities of the discussions Sofia can either attend a full day or part of the day. For those clients with simpler tax issues, Sofia can also attend via conference call.
During the mediation Sofia will be able to advise on potential tax implications to provide accurate and up to date figures for a range of taxes. In our experience this has proved extremely valuable as it has enabled the negotiations to continue with consideration of the tax implications. These sessions are not appropriate for in-detail complex tax planning but they are incredibly useful for individuals who are considering several options on the day.
As part of mediation services, Sofia will provide a complete follow-up report detailing all of the tax advice given during the meeting. These are completed usually within 3 working days of the mediation.
Costs for mediation work start at £350 + VAT per hour or a full day from £2,000 + VAT (plus travel costs if outside of London).
Yes, alongside attending your office for client meetings, training and talks, Sofia also runs all day tax surgeries in-house. Tax surgeries are proving increasingly popular with our firms. They run as follows, Sofia will attend your offices from 8am – 6pm, all staff members can book a time with Sofia to discuss cases, areas they find difficult or even personal tax queries. During lunch Sofia will run a lunch and learn on all the current hot tax topics for Family lawyers.
After the day Sofia will follow up on all appointments with a 1-2 page report on what was discussed or advised. These days cost £2,500 + VAT (and travel costs if outside London).
If you would like to book a tax surgery or a lunch and learn session for your offices please contact firstname.lastname@example.org.
Yes, though we are a London based firm, we cover Scotland, England, Wales and Northern Ireland and the Channel Islands.
Our engagement letters can stipulate that our clients’ solicitors and barristers can rely on our advice given.
Yes, we are able to appoint ourselves as the authorised agent for the client meaning we can speak with HMRC about the clients’ specific tax affairs. Once registered as their agent all post sent to the client will also be duplicated and sent to us.
Yes, at Thomas Consulting we are fully insured and with each client engagement we highlight the relevant liability cap for the engagement. We are also regulated by the Chartered Institute of Taxation.
The way Sofia provides advice on the most complex of tax scenarios is a breath of fresh air. It was detailed and comprehensive but she was willing to act collaboratively with the parties to provide options and scenarios that suited them and completely understands matters from a separation perspective and the dynamics that go with that. She was very responsive and easy to work with.Kate Hamilton, Partner, Russell - Cooke