Published: 13/01/2022 10:57
Sofia Thomas is co-author of Tax Implications on Family Breakdown and a leading expert in tax on divorce and separation. Sofia is a Fellow of the Chartered Institute of Taxation.
Budget Implications for Financial Remedies
It was a relatively quiet budget yesterday in terms of the changes that will impact financial remedy proceedings. The main headlines are the pension changes and the confirmation that the new CGT rules for divorcing couples, which look set to come in from…
Cryptocurrency and Taxation
This blog post aims to highlight some of the tax considerations in ‘crypto cases’. It hopes to act as a complementary piece to the earlier article by Ben Fearnley, 'Cryptoassets – Still an Enigma'.
Fiscal Event Update
The Chancellor of the Exchequer, Kwasi Kwarteng, has announced his new Growth Plan for the UK. Some of the measures will have immediate effect, some take effect in November and others will take effect from 6 April 2023.
- Housing Need
- Income Projections
- Stamp Duty
Major tax changes for divorcing couples
On 22 July 2022 the government released draft legislation which will change the capital gains tax position for divorcing couples.
Principal Private Residence Relief on Divorce
When individuals stop living in the matrimonial home they are often likely to face a capital gains tax charge when the property is sold or transferred.Any individuals that have lived in a property as their main home are entitled to Principal Private Resid…
Capital Gains Tax – Changes on the Horizon?
In November of 2021, the government accepted the Office of Tax Simplification’s (OTS) proposals regarding the tax year of separation. If enacted into legislation, these changes could have a significant impact on the way that Capital Gains Tax (CGT) applie…
- Capital Gains Tax