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Valuation and Tax Liabilities

Reference: EN101

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.