The Biggest Tax Mistake Divorcing...

The Biggest Tax Mistake Divorcing Couples Make (Accountant Explains)

Tea with the Queen by Tracey Moloney

Episode notes

In this episode, we’re joined by a tax expert to explore the financial realities facing UK business owner, particularly when divorce and taxes collide. We break down how business assets are treated in family proceedings, the tax implications that can arise when extracting funds to reach a settlement, and why liquidity can quickly become a serious issue.

Many entrepreneurs assume their company structure offers protection, but the reality is often more complex. We also discuss the wider financial pressures currently affecting high earners, including rising costs, business rates, and the increasing tax burden causing business owners to question whether remaining in the UK is sustainable long term.

If you’re a business owner, investor, or adviser, this conversation highlights the risks, misconceptions and financial exposure that are oft ... 

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