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Read our latest Financial Settlements guide (2021)

What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.

Capital Gains tax

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easyrider
Posted by
Junior Member

17 Nov 22 #520215 by easyrider

Topic started by easyrider

Hi,
After some advice on Capital gains tax please in uk.

My wife started divorce proceedings back in 2021 and we are now have Decree Nisi since the end of last year. We are starting court financial process in Feb next year. We are both still living in the family home although in terms of the relationship we are separated.

Will capital gains tax be applicable when we eventually sell the family home and pension share which is the likely outcome of the financial process / Consent Order ?

if not possible to answer can anyone recommend a financial person who could help at reasonable cost ?

Many thanks in advance.

notgettinganywherefast
Elite Member

17 Nov 22 #520216 by notgettinganywherefast

Reply from notgettinganywherefast

I think if youre both still living there its not liable to CGT.

notgettinganywherefast
Elite Member

17 Nov 22 #520217 by notgettinganywherefast

Reply from notgettinganywherefast

I think if youre both still living there its not liable to CGT.

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