Trisha Siddique and Helen Barnett: CGT and divorce explained

Breaking up is hard to do

clock • 4 min read

Lawyers Trisha Siddique and Helen Barnett look at the CGT consequences of divorce in light of potential changes in the upcoming Budget

With the next Budget Day fast approaching on 3 March, there has been a lot of speculation about a possible rise in rates of capital gains tax (CGT). This speculation has been fuelled by the release by the Office of Tax Simplification of a report on 11 November 2020, in which it was suggested that CGT rates should be more closely aligned with income tax rates. While many commentators believe that a full alignment with income tax rates is unlikely, there is a general consensus that CGT rates may increase. As we are still in the midst of the pandemic, some argue that the March Budget is ...

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