Breakdown of Trust
…well, not exactly. But, if you can demonstrate that you have taken “reasonable care” in completing your tax return, you could obtain (arguably) the next best thing.
Tax is rarely at the forefront of people’s minds at the end of a relationship. However, the breakdown of a relationship offers some tax planning opportunities which can reduce the tax payable on transfers of assets made as part of a divorce settlement and can affect how the settlement is structured.
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