With speculation mounting over potential wealth taxes ahead of the Budget, high-net-worth divorcees are exploring relocation options. Sophie Chapman writes for City AM explaining how it might not be as simple as they first thought.

England, and in particular London, remains a key jurisdiction for resolving financial disputes, offering reassurance to those seeking asset protection and security for financially weaker spouses. However, recent tax changes and rumours of further reforms have prompted a surge in enquiries about moving to more favourable jurisdictions such as Italy, Dubai and Israel.

The trend isn’t limited to international families. British professionals are also weighing overseas moves for lifestyle and financial reasons. Yet, for separated parents, relocation is far from straightforward. Moving children abroad without consent or a court order can constitute child abduction, and courts prioritise the child’s welfare over tax considerations. Applications for permission to relocate face delays in an already stretched court system, making timely decisions unlikely before the next tax year.

Where agreement cannot be reached, private arbitration offers a faster, confidential alternative to court proceedings. Research by Stewarts shows 35% of divorcees would choose alternatives to litigation if given the chance, highlighting the growing demand for creative solutions in family law.

You can read the full article in City AM here.