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Wednesday, July 30, 2025
London Journal | The Voice of London
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    Donald Trump demands UK drills for more oil, blasts high taxes on North Sea energy firms

    Donald Trump demands UK drills for more oil, blasts high taxes on North Sea energy firms

    Justice Secretary Shabana Mahmood heaps pressure on Sir Keir Starmer to recognise state of Palestine

    Justice Secretary Shabana Mahmood heaps pressure on Sir Keir Starmer to recognise state of Palestine

    Ed Miliband sparks fears of ‘boiler ban by backdoor’ as he prepares to shun gas for heating homes

    Ed Miliband sparks fears of ‘boiler ban by backdoor’ as he prepares to shun gas for heating homes

    Water bills to rise by another 30% in next 5 years as damning report calls for regulator Ofwat to be SCRAPPED

    Water bills to rise by another 30% in next 5 years as damning report calls for regulator Ofwat to be SCRAPPED

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      Call for commemoration to Welsh journalist Gareth Jones who uncovered Holodomor famine

      Call for commemoration to Welsh journalist Gareth Jones who uncovered Holodomor famine

      News diary 28 July – 3 August: Starmer-Trump meeting, Edinburgh Fringe, Ofcom annual media data

      News diary 28 July – 3 August: Starmer-Trump meeting, Edinburgh Fringe, Ofcom annual media data

      BBC and news agencies sound alarm over ‘threat of starvation’ for journalists in Gaza

      BBC and news agencies sound alarm over ‘threat of starvation’ for journalists in Gaza

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      Public service broadcasters need ‘stable’ funding for news and prominence on Youtube, Ofcom finds

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        Mysteries of 2,300-year-old mummy Bashiri ‘The Untouchable’ revealed after researchers refused to unwrap ancient fabric

        Mysteries of 2,300-year-old mummy Bashiri ‘The Untouchable’ revealed after researchers refused to unwrap ancient fabric

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        Remarkable glow in the dark creature captured on camera in the wild ‘for first time’ as it lights up in a neon blue

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        Mystery of Captain Cook’s lost ship is SOLVED after 250 years as scientists discover sunken remains of HMS Endeavour

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        Sex-crazed insects cause car to flip with drivers warned to keep windows closed on roads as the bugs invade US

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        2,500-year-old rock engravings were found near Mosul, Iraq.

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        Ellie Scotney reveals promise she made to late friend Georgia O’Connor before emotional world title win

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        Donald Trump demands UK drills for more oil, blasts high taxes on North Sea energy firms

        Donald Trump demands UK drills for more oil, blasts high taxes on North Sea energy firms

        Justice Secretary Shabana Mahmood heaps pressure on Sir Keir Starmer to recognise state of Palestine

        Justice Secretary Shabana Mahmood heaps pressure on Sir Keir Starmer to recognise state of Palestine

        Ed Miliband sparks fears of ‘boiler ban by backdoor’ as he prepares to shun gas for heating homes

        Ed Miliband sparks fears of ‘boiler ban by backdoor’ as he prepares to shun gas for heating homes

        Water bills to rise by another 30% in next 5 years as damning report calls for regulator Ofwat to be SCRAPPED

        Water bills to rise by another 30% in next 5 years as damning report calls for regulator Ofwat to be SCRAPPED

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          Call for commemoration to Welsh journalist Gareth Jones who uncovered Holodomor famine

          Call for commemoration to Welsh journalist Gareth Jones who uncovered Holodomor famine

          News diary 28 July – 3 August: Starmer-Trump meeting, Edinburgh Fringe, Ofcom annual media data

          News diary 28 July – 3 August: Starmer-Trump meeting, Edinburgh Fringe, Ofcom annual media data

          BBC and news agencies sound alarm over ‘threat of starvation’ for journalists in Gaza

          BBC and news agencies sound alarm over ‘threat of starvation’ for journalists in Gaza

          Public service broadcasters need ‘stable’ funding for news and prominence on Youtube, Ofcom finds

          Public service broadcasters need ‘stable’ funding for news and prominence on Youtube, Ofcom finds

          Trending Tags

          • Tech
            Mysteries of 2,300-year-old mummy Bashiri ‘The Untouchable’ revealed after researchers refused to unwrap ancient fabric

            Mysteries of 2,300-year-old mummy Bashiri ‘The Untouchable’ revealed after researchers refused to unwrap ancient fabric

            Remarkable glow in the dark creature captured on camera in the wild ‘for first time’ as it lights up in a neon blue

            Remarkable glow in the dark creature captured on camera in the wild ‘for first time’ as it lights up in a neon blue

            ‘Death date’ of universe revealed as scientists predict when ‘shrinking’ will start before ‘Big Crunch’ wipes us all out

            ‘Death date’ of universe revealed as scientists predict when ‘shrinking’ will start before ‘Big Crunch’ wipes us all out

            Is this the breakfast of the future? Bread made of BUGS & fungus created to fight food shortage – so would YOU try it?

            Is this the breakfast of the future? Bread made of BUGS & fungus created to fight food shortage – so would YOU try it?

            Mystery of Captain Cook’s lost ship is SOLVED after 250 years as scientists discover sunken remains of HMS Endeavour

            Mystery of Captain Cook’s lost ship is SOLVED after 250 years as scientists discover sunken remains of HMS Endeavour

            Sex-crazed insects cause car to flip with drivers warned to keep windows closed on roads as the bugs invade US

            Sex-crazed insects cause car to flip with drivers warned to keep windows closed on roads as the bugs invade US

          • Health
          • Science

            We’ve probably already been discovered by aliens, but they have some pretty good reasons to hide.

            Almost everyone is said to benefit from a scientifically supported method for improving sleep.

            2,500-year-old rock engravings were found near Mosul, Iraq.

            Is the soul of a person eternal? the findings of scientists

            With its most recent move, is General Electric abandoning wind power?

          • Crypto
          • Entertainment
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            • Gaming
            • Sports
            Ellie Scotney reveals promise she made to late friend Georgia O’Connor before emotional world title win

            Ellie Scotney reveals promise she made to late friend Georgia O’Connor before emotional world title win

            The secret underground tunnel where Open golfers hide from thunderstorms but only certain stars can use it at Portrush

            The secret underground tunnel where Open golfers hide from thunderstorms but only certain stars can use it at Portrush

            Jon Jones performs retirement U-turn and announces return to UFC testing pool after Dana White lying claims

            Jon Jones performs retirement U-turn and announces return to UFC testing pool after Dana White lying claims

            Tyson Fury heads off to business meeting still wearing Primark Soccer Aid suit after dropping F-bomb live on ITV

            Tyson Fury heads off to business meeting still wearing Primark Soccer Aid suit after dropping F-bomb live on ITV

            ‘This’ll wind people up’ – DeChambeau and Rose’s response to how club golfers would cope at Oakmont US Open course

            ‘This’ll wind people up’ – DeChambeau and Rose’s response to how club golfers would cope at Oakmont US Open course

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            A Site for Situated Practices: Mezzanine

            Exhibition: Substance & Recoding: The Narrative of Contemporary Objects in the Semantic Turn

            Discover Amsterdam’s beauty from the water

            An adventure on the canals of Amsterdam

            An adventure on the canals of Amsterdam

            Eromosele Gideon Eigbiremolen Unveils Sustainable Vision for SS24 with Burvain's Latest Collection.

            Eromosele Gideon Eigbiremolen Unveils Sustainable Vision for SS24 with Burvain’s Latest Collection.

            after builders cleaning

            After Builders Cleaning Services in UK with Cliffycox: Reviving Spaces, Redefining Cleanliness

            Creating an Oasis Deponti Glass Room Products and Maze Outdoor Kitchens

            Creating an Oasis: Deponti Glass Room Products and Maze Outdoor Kitchens

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          Sheep farmer’s ex-wife LOSES battle over £80MILLION ‘gift’ he gave her for kids… after she divorced him & kept cash

          by Anderson
          July 3, 2025
          in UK News
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          A SHEEP farmer’s ex-wife has lost a five-year legal battle to keep half of a £80million sum he gave her as part of a tax avoidance scheme.

          Clive Standish, 72, transferred the multi-million pound gift to his former partner Anna in 2017, with the intention of eventually placing the money in an offshore trust for their children.

          Clive Standish, a retired banker, in a light grey suit.
          Central News

          Clive Standish will keep the majority of an £80million gift he gave his wife[/caption]

          Anna Standish with celebrity divorce lawyer Fiona Shackleton outside the Appeal Court in London.
          Champion News

          It was initially decided by the High Court that Anna should receive half of the funds[/caption]

          Clive, a former chief financial officer at UBS, made the decision to move the funds over to his Australian wife to exploit her non-dom status and avoid a crippling 40% inheritance-tax rate.

          The former banker believed he would face a bill of about £32 million if he died with the money in his name.

          But the pair’s 15 year marriage later hit the rocks and divorce proceedings began in 2020 with the assets still in her name.

          It was initially decided by the High Court in 2023 that Anna, 57, should receive half of the funds in the settlement. 

          But last year, the Court of Appeal ruled that her share should be reduced from half to £25million.

          The amount was judged to fairly represent her contribution to raising the children and looking after their home.

          And despite Anna’s recent attempts to overturn the decision, the ruling was upheld by the Supreme Court yesterday.

          Five judges argued that the sum was not a marital asset because it had not been shared by the couple and Mr Standish had intended it for their children.

          The ruling said: “Tax planning schemes to save tax, involving transfers of assets from one spouse to another, are commonplace.

          “The problem for the wife is that there is nothing to show that, over time, the parties were treating the 2017 assets as shared between them.

          “Rather, the transfer was in pursuance of a scheme to negate inheritance tax and it was for the benefit exclusively of the children.

          “The parties’ intention was that the £80 million should not be retained by the wife.”

          His wife never established two offshore trusts as he had expected, so Clive was judged to be the sole owner of those assets when divorce proceedings began.

          Lord Faulks, representing Anna, tried to argue that the money had become shared property after the initial transfer, adding that she had contributed by accepting the gift.

          Mr Standish moved to Australia in 1976 and married Anna in December 2005, before the pair moved to the UK five years later.

          The couple lived together at Moundsmere Manor, an 18-bedroom mansion near Preston Candover, Hampshire.

          Clive’s laywer, Tim Bishop KC, explained that in June 2004 his client was worth £57.3 million, while Anna had “no significant pre-marital wealth”.

          The marital assets at the time of the split amounted to £132million, almost all of which had come from Clive’s initial fortune.

          Mr Bishop added: “The husband made the transfers in March 2017, but the wife failed to transfer the assets into trust by the time the marriage ran into problems in 2019 and then broke down finally in 2020”.

          Delivering the Supreme Court ruling, Lord Burrows and Lord Stephens agreed with the Court of Appeal’s verdict.

          Moundsmere Manor in Hampshire.
          Champion News Service

          The pair lived together at Moundsmere Manor in Hampshire[/caption]

          Clive Standish outside the Court of Appeal.
          Champion News Service Ltd

          Clive moved the funds over to his Australian wife to avoid inheritance-tax[/caption]

          They said: “There was no matrimonialisation of the 2017 assets because the transfer was to save tax and it was for the benefit of the children not the wife.

          “The 2017 assets were not, therefore, being treated by the husband and wife for any period of time as an asset that was shared between them.

          “Transfers of capital assets with the intention of saving tax do not, without some further compelling evidence, establish that the parties are treating the capital asset as shared between them.

          “The 2017 assets comprise the husband’s pre-marital assets and earnings that the husband made in the years 2004-2007, to which the wife contributed by being the home-maker and child carer during those years.

          “In relation to a scheme designed to save tax, under which one spouse transfers an asset to the other spouse, the parties’ dealings with the asset do not normally show that the asset is being treated as shared between them.

          “Rather, the intention is simply to save tax.”

          Anna Standish and Fiona Shackleton outside the Appeal Court in London.
          Champion News

          Anna’s share following the Supreme Court ruling will stay at £25million[/caption]

          Source

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