The UK's largest and most visited divorce site.
Modern, convenient and affordable services.

We've helped over 1 million people since 2007.

 
Click this button for details of our
email, phone nbr and free consultations.
 

Should tax debt be shared?

  • RobinHoodie
  • RobinHoodie's Avatar Posted by
  • New Member
  • New Member
More
31 Oct 23 #522014 by RobinHoodie
Topic started by RobinHoodie
Hello all,

I am in the mediation process and did my tax return recently (I am not self employed but required to do a tax return). My tax bill comes to around 5k.

My ex declared his credit card, I declared my tax as a debt in the financial disclosure.

My mediator think that tax is a personal debt, but since it is linked to my income which contributed to the pot and to health care which also covers my children I think it should be a shared debt.

Anyone with a similar experience that could share their outcome please?

Thanks

  • WYSPECIAL
  • WYSPECIAL's Avatar
  • Moderator
  • Moderator
More
04 Nov 23 #522025 by WYSPECIAL
Reply from WYSPECIAL
If you had paid your tax liability throughout the year via PAYE would you expect your ex to refund half of it to you?

  • hadenoughnow
  • hadenoughnow's Avatar
  • Moderator
  • Moderator
More
04 Nov 23 #522032 by hadenoughnow
Reply from hadenoughnow
Did the debt arise from income earned (and spent) during the marriage or after separation?
Same applies to the credit card. Was this liability post separation? What was the money spent on?

The fact remains that these are both debts that have to be paid. The existence of them will have an impact on the capital and income available to meet needs. I would focus on meeting needs from the available assets.

Hadenoughnow

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.

 

We can help you to get a fair financial settlement.

Negotiate a fair deal from £299

Helping you negotiate a fair financial settlement with your spouse (or their solicitor) without going to court.


Financial Mediation from £399

Financial mediation is a convenient and inexpensive way to agree on a fair financial settlement.


Consent Orders from £950

This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.


Court Support from £299

Support for people who have to go to court to get a fair divorce financial settlement without a solicitor.