Cryptocurrency and divorce – hidden assets and tax treatment

A growing number of divorce cases in the UK are understood to involve cryptocurrency, such as Bitcoin, as a listed asset of separating couples. Roger Isaacs, forensic accountancy partner at Milsted Langdon considers some of the issues at play

 

A growing number of divorce cases in the UK are understood to involve cryptocurrency, such as Bitcoin, as a listed asset of separating couples. This new trend has led to a growing fear, that in some cases, one partner is using cryptocurrency to hide assets from the other.

In cases such as these, the court can, in theory, order that digital forensic specialists are given access to relevant digital records so that investigations can be conducted to find evidence of cyber-currency transactions in files, emails or browser histories. 

However, those seeking this type of search and seizure order through the courts face a number of difficulties.

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