It's usually the case that on a divorce the previous main residence is to be transferred into the name of one of the spouses. This would need to be carefully considered in tax terms as it could easily lead to a CGT charge. Unless any transfer between…
The divorce itself does not usually have any major Capital Gains Tax implications. However CGT could arise on the transfer of assets between the ex-spouses. When a couple get married (or enter a civil partnership) there are some tax advantages as…
The main difference between married and unmarried couples for the purposes of Capital Gains Tax is that unmarried couples can't take advantage of the exemption for interspouse transfers. Married couples are free to transfer assets between themselves…