The 6th of April 2023 saw some changes made to the Capital Gains Tax (CGT) rules that apply to divorcing couples and the transfer/sale of assets. CGT is a tax that is payable by an individual when profit is made on the sale, disposal or transfer of an asset, i.e. the asset is sold for more than the price paid at the time the asset was purchased. Tax is payable on the value of the profit and not the total amount received for the asset. Prior to 6th April 2023, divorcing couples … [Read more...]