Separation & Divorce
Divorce, separation and the family business – UK & US tax on the family business
Does your divorce or separation also involve a family business?
Spouses or civil partners can be shareholders, directors or business partners so the impact of a divorce or separation proceedings on a family business can have direct consequences.
Mark Levitt and Ed Rieu discuss the options available to separating couples both in the US and UK and debate the tax implications of selling or transferring a family business as well as buying out your spouse or civil partner.
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