Spears Indices
1. Developers
9. Interiors
10. Robert Bailey, Robert Bailey Property
11. Simon Barnes
13. David Cooper, David Cooper & Co.
14. Dan Crofton, Crofton & Associates
15. Brian D'Arcy Clark, Savills/Chesterfields
16. Ivor Dickinson, Douglas & Gordon
17. Nick Doffman, Mishcon de Reya
19. Jonathan Harington, Haringtons UK
20. Lord Andrew Hay, Knight Frank
21. Christopher Headfront, Bective Leslie Marsh
22. Naomi Heaton, London Central Portfolio
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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.
