Supreme Court hands down landmark ruling in banker's divorce tax planning case

In the Standish v Standish case, in April 2017, prior to their 2020 divorce, Clive Standish, the former chief financial officer at UBS, transferred investments worth £77.8m to his then-wife Anna Standish as part of a tax planning scheme. The near £80m in assets formed part of the couple's overall total wealth of £132m.  The transferred assets had originally been the husband's non-matrimonial property. However, the High Court held that those assets were matrimonial property. In 2022, the High Court split their total assets with £87m going to Mr Standish and £45m to Mrs Standish. The ju...