Spear's Salon

Strong Opinion from our Stable of Star Turns

Josh Spero

Josh Spero is the Senior Editor and Website Editor of Spear's. He has written for the Times, the Guardian and Time Out, and is currently writing a book.

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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.

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