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.