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Can interest be charged following a divorce in the UK if part of the settlement is still outstanding?
Wiki User
∙ 18y ago
It depends if it involves a business, property. If it's just a straight divorce and settlement your lawyer should have made arrangements as to when you received the settlement. If there is a business or property involved this can get you involved with taxes as well. It's best you seek legal counsel if this is the case. If it's the usual divorce and only has a flat or house and the contents of either, then you can't charge interest on this. UK: The usual procedure is that an application is made for the division of joint marital assets (Ancillary Relief), this runs alongside the divorce proceedings and, usually, once everything has been ironed out then the Decree Absolute (Divorce) is granted. There should not, in theory (!!!), therefore be any outstanding matters
Wiki User
∙ 18y ago
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