The Assets Schedule
45.A composite Assets Schedule was filed with the court prior to the commencement of the hearing, showing the various disputes between the parties. At that stage, the Wife’s case was that there were total assets of £240,696,589 gross, reducing to £229,841,998 net of tax. The Husband’s case, on the other hand, was that the assets amounted to £202,345,641 gross but that this had to be reduced for significant tax liabilities, which brought the total down to £148,259,844. There was agreement as to the gross values of all the main property assets. All are mortgage free. The gross values, ignoring costs of sale, converted to sterling, are as follows:-(a)The Z Street Property (joint) £10,382,584(b)The West London apartment (Wife) £11,240,000(c)Flat 2 (Wife) £ 8,500,000(d)Property J(IR & OR Family Trust) £19,125,683(e)The private island property (IR & OR Trust) £10,928,961(f)Property W (IR & OR No 2) £ 3,224,043(g)Timeshares (IR & OR) £ 2,616,508(h)Yacht (IR & OR No 3) £15,650,000(i)Private plane (IR Trust)
- MR JUSTICE MOOR:-
- The relevant history
- The breakdown of the marriage
- The respective Forms E
- The evidence before me
- The position of the PE company
- Section 25 statements
- The valuation of DEF Inc and the other business
- Statement of Issues
- Open proposals
- The Tax enquiry
- The respective Position Statements
- Duxbury
- The Assets Schedule
- £ 3,551,912
- The law I have to apply
- White v White
- K v L
- Miller/McFarlane
- Hart v Hart
- Miller
- Jones v Jones
- Martin
- Hart
- my emphasis)
- Juffali v Juffali
- The evidence I heard
- My assessment of the assets
- The appropriate deduction for tax liabilities in relation to the enquiry by the tax authority of Country X
- Two relatively small loans made by JR’s estate and a trust belonging to KR to the IR Holding Trust
- The resulting overall figure
- The Pre-Nuptial Agreement
- Radmacher v Granatino
- The DEF Inc Side Deed
- My conclusions as to non-matrimonial property
- XW v XH
- Wells v Wells
- The structure of the award
- £ 120,479
- Calderbank
