Spears Indices
3. Abigail Asher and Barbara Guggenheim
4. Banksy
7. Leon Black
8. Harry Blain
10. Ivor Braka
11. Peter M. Brant
12. Eli Broad
13. Amy Cappellazzo
14. Maurizo Cattelan
15. John Cheim and Howard Read
16. Frank Cohen
17. Steve Cohen
18. Carlos and Rosa de la Cruz
19. Lisa Dennison
20. Simon De Pury
21. Anthony D'Offay
25. Vincent Fremont
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Q
I am at the start of divorce proceedings and am concerned about the tax implications. I have heard that you might have to pay capital gains tax on the assets you get as part of the divorce settlement - is this the case?
A
It is a little-known part of the UK tax system but divorcing couples may indeed find themselves subject to capital gains tax. This can happen, for instance, if the marital home is sold as part of the divorce settlement or even in a situation where the home is given to one spouse under the settlement, with no money changing hands.
