Retired banker who gave wife £80m to avoid inheritance tax won’t face equal split in divorce

Family lawyers say the Supreme Court ruling will have significant impact on high net worth divorce cases

Clive Standish
Retired banker who gave wife £80m to avoid inheritance tax won’t face equal split in divorce
(Image credit: Bloomberg)

The Supreme Court has ruled a retired banker who gave his wife nearly £80m to avoid paying inheritance tax, will not have to split that money with her equally following a divorce.

Five judges unanimously agreed that because most of the money had been earned prior to the marriage, Clive Standish was entitled to keep the largest share.

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Laura Miller

Laura Miller is an experienced financial and business journalist. Formerly on staff at the Daily Telegraph, her freelance work now appears in the money pages of all the national newspapers. She endeavours to make money issues easy to understand for everyone, and to do justice to the people who regularly trust her to tell their stories. She lives by the sea in Aberystwyth. You can find her tweeting @thatlaurawrites