Tag: divorce

In response to a recommendation by the Office of Tax Simplification the Government have introduced draft legislation for inclusion in Finance Bill 2023 that extends the no gain/no loss rule when a couple separate. Under the current rules the no gain/no loss rule that means that there is no CGT

By Rebecca Horne-Smith Legislation day was 20th July and this saw new draft legislation issued for rules surrounding disposals in connection with divorce etc. These new rules will come into effect for disposals made on or after 6th April 2023, although are subject to change before the publication of the