Changes to capital gains tax (CGT) rules announced in Budget documents yesterday (15 March) will benefit divorcing couples with assets or property subject to the tax, lawyers have said.
The new rules give divorcing couples longer to negotiate settlements before CGT arises in certain circumstances and a longer time period to pay the tax once it comes into effect, RWK Goodman family partner Vanessa Gardiner (pictured) explained. She said: "Some may be surprised to learn that divorcing couples are not exempt from paying CGT when implementing financial agreements in divorce. "The new CGT rule changes coming into effect will be beneficial for divorcing couples with assets or property which will be subject to CGT. "These are welcome changes bringing the CGT rules socia...
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