Valuation and Tax Liabilities
Appointment Type: Single Joint Expert
Service Area: Valuations, Divorce and Matrimonial Matters
Industry: Real Estate and Property
Litigation Type: Matrimonial
Size of Case: £500,001 - £2.5 million
We were appointed on a Legal Aid funded assignment to perform a review of an insulation business, the latent CGT in a portfolio of properties and Employee Benefit Trust tax liabilities. The Court Order was for a Single Joint Expert but the LAA grant restricted the scope of our work.
The business was previously successful and substantial funds were drawn through EBTs, in contrast to losses in recent years. We set out the valuations, the latent CGT in a portfolio of transfers/sales and the HMRC position on the EBT, to allow the legal advisors to consider the matter.