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Clare
Clare, Family Solicitor
Category: Family Law
Satisfied Customers: 34276
Experience:  I have been a solicitor in High Street Practise since 1985 and have specialised in Family Law for the last 10 years
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What is the essence of the 'contractor loan' concept in divo

Resolved Question:

What is the essence of the 'contractor loan' concept in divorce proceedings?
Submitted: 3 years ago.
Category: Family Law
Expert:  Nicola-mod replied 3 years ago.
Hello,
I've been working hard to find a Professional to assist you with your question, but sometimes finding the right Professional can take a little longer than expected.
I wonder whether you're ok with continuing to wait for an answer. If you are, please let me know and I will continue my search. If not, feel free to let me know and I will cancel this question for you.
Thank you!
Nicola
Expert:  Clare replied 3 years ago.
Hi
Thank you for your question.
My name is Clare
I will do my best to help you but I need some further information first.
Do you mean what approach will the court take?
Clare
Customer: replied 3 years ago.

yes -

but also the definition of what constitutes a contractor loan vs a regular employee loan

Expert:  Clare replied 3 years ago.
Hi
There is no specific approach taken by the court - the Judge will listen to all arguments - however in the event of a dispute it is likely that they will follow the HMRC guidelines - however what is certain is that the Divorce Judge will see it as money that you have control over no matter what it is called
Please ask if you need further details
Clare
Clare, Family Solicitor
Category: Family Law
Satisfied Customers: 34276
Experience: I have been a solicitor in High Street Practise since 1985 and have specialised in Family Law for the last 10 years
Clare and other Family Law Specialists are ready to help you