Read the full judgment text of FCMC 2128/2013 on BabelCite. This Family Court judgment was delivered on 23 November 2020 before Her Honour Judge Sharon D. Melloy.
Matrimonial causes – Ancillary relief – Division of assets – Sharing principle – Needs – Child maintenance – Capital gains tax – Trust fund – Wife accepted beneficial ownership of Singapore property and UBS account – Sharing principle applied due to significant assets – Slight deviation from equality (Wife 48.7%, Husband 47.2%, Remainder for B) – Maintenance ordered at HK$52,500/month – HK$6 million deposited for CGT risk
Legal issues: Identification of assets · Application of sharing principle · Division of assets and equality · Child maintenance calculation · Treatment of Capital Gains Tax liability
Outcome: Ancillary relief granted; assets divided; maintenance ordered
Cited by 3 cases · Cites 1 case