The Supreme Court ruled that Clive Standish is entitled to keep the majority of a multimillion-pound asset share in a divorce case, with the ruling emphasizing that most assets had been earned prior to the marriage. Standish had transferred 80 million to his wife, Anna, in a move to evade potential inheritance tax implications. The Court's decision outlines a framework for determining which assets can be classified as marital, focusing on their connection to the marriage and aiding future legal clarity. Additionally, The Independent emphasizes its mission to provide accessible, high-quality journalism without paywalls.
The Supreme Court has ruled that Clive Standish can keep a larger share of his assets after a divorce, as most assets were earned before the marriage.
Clive Standish transferred 80 million to his wife to avoid paying inheritance tax, opting for better financial benefits for their children.
The Supreme Court's ruling clarifies when assets not originating from the marriage can be considered marital, guiding future court decisions.
The Independent remains committed to providing accessible journalism and differentiates itself by avoiding paywalls, allowing quality reporting to reach a broader audience.
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