Need advice about divorce settlement

stmatt

thanks for advice

RAS

What evidence does she have of the previously undeclared income?

And what about these properties including one where he added £40K to the mortgage?

stmatt

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RAS

So have either of you checked the land Registry for details of all his rental properties and the one now gifted to his parents.

And what evidence do you have of the undeclared income. Everyone knowing about it is irrelevant.

clearingout

it is hard to imagine he could have owned a shop and not left some kind of papertrail. there must be invoices from his wholesalers, surely? business rates must have been paid? gas, water, electricity? did he declare any income to the HMRC and just did some 'off the books' stuff which was put in the safe?

stmatt

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stmatt

She hasn't checked the land registry for details of the parents house. Will a check tell her of all previous owners?

Gigglepig

If your friend knew about, and benefited from the undeclared income then she is not an innocent victim and it should come as no surprise if he declares his income as zero.

If the house was held jointly then how could he add 40k to the mortgage without her knowing about it? If he forged her signature or something she should follow up with the bank.

Further, if the house is held jointly it is not a case of your friend "giving" him anything - half of it is his!
But presumably they would also split the value of his other properties.

My advice would be for her to get some legal advice, for example at the CAB. And to approach her ex again and suggest some 3rd party mediator who would not charge high fees, since it is in their best interests to keep legal fees down.

stmatt

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RAS

Why are the properties not producing an income?

stmatt

He says he cannot find tenants so they're standing empty, although he never had problems until they had to get the businesses valued!