We explain divorce and tax in plain English, handle it correctly, and make sure you claim every relief you are entitled to, all at a fixed fee.
Divorce and Tax
Divorce and separation have significant tax consequences, particularly Capital Gains Tax on transferring assets and the family home between separating spouses, and the timing of transfers now benefits from more generous rules that make planning worthwhile.
We advise on the tax side of a separation, use the spousal transfer rules to move assets without Capital Gains Tax where possible, plan the timing of transfers, and handle the family home, so tax does not add to the difficulty.
Transfers between separating spouses can be made free of Capital Gains Tax for a period after separation under the current rules, and the family home has its own reliefs, so timing asset transfers well can save substantial tax during a divorce.
The Detail That Matters
Divorce and separation have significant tax consequences, particularly Capital Gains Tax on transferring assets and the family home between separating spouses. Recent rule changes are more generous, so planning the timing of transfers is worthwhile.
Transfers between separating spouses can be made on a no-gain-no-loss basis (no CGT) for up to three years after the year of separation, and unlimited time where transfers are part of a formal divorce agreement, a recent, more generous change.
The family home has Private Residence Relief, and special rules protect a departing spouse's relief for a period, so it can often be transferred or sold without a CGT charge. We advise on the position.
Because the CGT treatment depends on timing relative to separation, planning when assets move, within the no-gain-no-loss window, can save substantial tax on investments and second properties.
We work alongside your solicitor to structure the settlement tax-efficiently, so the division of assets does not create an avoidable Capital Gains Tax bill.
Divorce often involves large asset transfers where mistimed moves trigger avoidable Capital Gains Tax; using the no-gain-no-loss window and the home reliefs is where real tax is saved.
Key Figures
How We Help
We advise on the Capital Gains Tax position of the family home on separation, using Private Residence Relief and the special rules to minimise tax.
We use the no-gain-no-loss rules for transfers between separating spouses, and plan the timing so assets move without an unnecessary CGT charge.
The timing of transfers relative to separation affects the tax. We plan it so the settlement is structured as tax-efficiently as possible.
All the forms, calculations and correspondence handled on your behalf, so you never have to decode HMRC's rules or sit on hold.
A clear fixed fee quoted after a free call, your position explained in plain English, and never a surprise bill.
We act quickly, and where earlier years are involved we put those right too, reclaiming refunds or minimising penalties.
Divorce often involves large asset transfers where mistimed moves trigger avoidable Capital Gains Tax. Using the spousal rules and planning the timing is where real tax is saved, and we handle it alongside your solicitor.
Recent Client Outcome
A separating couple were dividing property and investments and risked a large Capital Gains Tax bill on the transfers.
What we did. We used the no-gain-no-loss rules for transfers between them within the allowed window, advised on the family home's Private Residence Relief, and planned the timing of the transfers.
The outcome. The settlement was structured with minimal Capital Gains Tax, using the spousal rules and home reliefs, and timed to stay within the no-gain-no-loss window.
Planning the timing alongside their solicitor, rather than transferring blindly, saved substantial CGT in the settlement.
Why People Come to Us
Questions Answered
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