Capital gains simplification on the cards for divorce settlements
From 6 April 2023, new legislation is set to simplify tax on divorce with a proposed three-year increase to the CGT-free period after the tax year of separation.
From 6 April 2023, new legislation is set to simplify tax on divorce with a proposed three-year increase to the CGT-free period after the tax year of separation.
From 6 April, divorce will become easier thanks to a change in the law, but even if a split is amicable, independent financial advice is still essential.