Assets held outside the UK, such as foreign bank accounts, property abroad, or overseas investments. In financial cases the court can direct expert reports on the tax consequences of disposing, transferring, or repatriating offshore assets, and parties must disclose them.
In Plain English
Money, property, or investments held in another country instead of the UK. You must tell the court about these, and experts might be brought in to explain how moving or selling them affects your taxes.
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