A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Mon/Fri 9am-6pm       Sat/Sun 2pm-6pm
Call for FREE expert advice & service info

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.

CGT calculations

  • HUGO58
  • HUGO58's Avatar Posted by
  • Junior Member
  • Junior Member
18 Aug 20 #513738 by HUGO58
Topic started by HUGO58
I am totally confused regarding calculation of CGT.
Left Family Home August 2017.
Ex refused to sell property until told by court September 2019
House sale to go through Sept 2020
Cost of house purchase including fees etc 277,260
Selling price minus costs 601,650
Total months of ownership 222
My total 195 including my 9 months
House joint owned so therefore any CGT only on my half.
I understand the principles for calculation but I get so far then I'm lost.Can anyone help please?
I understand that I have to declare this to HMRC within 30 days of completion on house sale.Court order states that ex has to pay 50%of any CGT because he refused to marketing the house because he thought things would go in his favour !!
Many thanks

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11