Capital Gains Tax

Money Corner: All A Bit Unnecessary

Money Corner: All A Bit Unnecessary

‘Tax doesn’t have to be taxing’ was the slogan that HMRC used 20 years ago to raise awareness about the system of Self-Assessment, but some of the recent developments around tax and divorce have me scratching my head about this maxim. No gain no loss transfers and the former

Capital Gains Tax – Changes on the Horizon?

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) applies to divorcing couples. In anticipation of these changes, couples