The CIOT reports that HMRC have responded to a letter it sent, dated 19 December 2022, regarding HMRC’s position on remittances upon divorce after the First Tier Tribunal case of Sehgal and Meehan [2022] TC 8581.
HMRC have confirmed the position it held in its 2012 letter, that in circumstances where an ex-spouse/partner has income and gains kept offshore until the divorce is finalised, no remittance will be charged on funds/monies received in the UK. However, HMRC highlighted that a materially different set of facts may lead to a different conclusion.
The CIOT reports that HMRC have responded to a letter it sent, dated 19 December 2022, regarding HMRC’s position on remittances upon divorce after the First Tier Tribunal case of Sehgal and Meehan [2022] TC 8581.
HMRC have confirmed the position it held in its 2012 letter, that in circumstances where an ex-spouse/partner has income and gains kept offshore until the divorce is finalised, no remittance will be charged on funds/monies received in the UK. However, HMRC highlighted that a materially different set of facts may lead to a different conclusion.
