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Key points * Determining whether the 'no gain/no loss' basis still applies. * Is main residence relief fully available? * Will the leaving partner lose relief? * The extent of concessionary reliefs. * Property exchanges and the impact on relief for a new property.
THE LATEST STATISTICS show that the number of divorces in England and Wales fell from 153 399 in 2004 to 141 750 in 2005. This represents an 8% fall. Similarly there was a 6% fall in Northern Ireland and a 3% fall in Scotland.
Good news? Perhaps however even if the divorce rate is falling our appetite for divorce issues certainly seems to be increasing. In recent years the divorce arena has been catapulted into the media spotlight as the public increasingly enjoys the spectacle afforded by celebrity separations. After all it is now quite possible to watch the entire...
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