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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


Capital Gains in Divorce Period

  • Silver top
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03 Jul 21 #517178 by Silver top
Topic started by Silver top
Hi, I’m just at the very start of the divorce process and have a lot of Morrisons Shares. They are just about to be sold to a private equity company, meaning a payout to shareholders and a sizeable capital gains tax bill for me, payable on my 2021/22 tax return in 18 months or so after the divorce has completed. My STBX has a few thousand shares too, but won’t be in the same bracket as me tax wise, if at all.

Does anyone know how this works during a split? I’m guessing an allowance will be made as we negotiate, allowing me to put aside cash ready for this tax bill?

Any advice welcome and I’ll obviously need an accountant in due course.

many thanks

  • hadenoughnow
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04 Jul 21 #517182 by hadenoughnow
Reply from hadenoughnow
The value for negotiations should be net of tax. Get a calculation of your CGT liability and factor that in.

Hadenoughnow

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