Capital Gains Tax: separation and divorce
21st July 2022
1. Who is likely to be affected
Spouses and civil partners who are in the process of separating.
2. General description of the measure
This measure makes changes to the rules that apply to transfers of assets between spouses and civil partners who are in the process of separating. It provides that they be given up to three years in which to make no gain or no loss transfers of assets between themselves when they cease to live together; and unlimited time if the assets are the subject of a formal divorce agreement.
Read the full article here: GOV.UK
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