DF v YB

DF v YB

Equal division of assets is fair and meets both parties' needs. No discount applied to Citibank portfolio as H's assets are sufficiently liquid. Mr. NS loan not added back; Wells sharing applies if repaid. Latent UK tax not deducted as H likely to remain offshore. Lump sum of £510,000 payable by H to W within 28 days. Clean break achieved except for Wells sharing. Child maintenance agreed at £7,500 per child per annum. Costs to be determined separately.

Parties
Applicant: DF; Respondent: YB
Jurisdiction
England and Wales
Judgment Date
03 June 2025
Procedural Posture
Financial Remedy (divorce) / Final Judgment
Outcome
Lump sum order in favour of applicant; clean break except for Wells sharing; child maintenance agreed; costs reserved.
Legal Topics
Financial Remedies, Asset Division, Clean Break, Child Maintenance, Costs, Taxation, Trusts
Family Law Financial Remedies Asset Division Clean Break Child Maintenance Costs Taxation Trusts

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Parties

DF

Applicant

YB

Respondent

Procedural Posture

Financial Remedy (divorce) / Final Judgment

Legal Issues

  1. 1 Computation and distribution of matrimonial assets
  2. 2 Treatment of latent tax liabilities
  3. 3 Valuation of illiquid assets

Ratio Decidendi

Equal division of assets is fair and meets both parties' needs. No discount applied to Citibank portfolio as H's assets are sufficiently liquid. Mr. NS loan not added back; Wells sharing applies if repaid. Latent UK tax not deducted as H likely to remain offshore. Lump sum of £510,000 payable by H to W within 28 days. Clean break achieved except for Wells sharing. Child maintenance agreed at £7,500 per child per annum. Costs to be determined separately.

Court Disposition

Lump sum order in favour of applicant; clean break except for Wells sharing; child maintenance agreed; costs reserved.

Orders

  • H to pay W a lump sum of £510,000 within 28 days of sealed order.
  • Mr. NS loan to be shared on Wells basis if repaid.