A collision of tax planning and divorce law.
The background to Standish v Standish [2025] UKSC 26 (see also page 8) is as follows. In 2017, Mr Standish transferred assets worth approximately £80m into Mrs Standish’s sole name. He was motivated by concerns about the IHT that might arise on his death, estimated to be around £32m. Mrs Standish was non-domiciled, with Australia as her domicile of origin. The intention was that she would subsequently settle the assets into discretionary trusts in Jersey for the benefit of their children. However, this plan was never carried out, and the couple later divorced.
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