New queries, issue 4586

Separate lives

Extent of private resident relief on capital gains after sale of marital home.

I am looking at calculating the capital gains tax liability on a property sale after a divorce. I have bought the property from my ex-wife but we agreed that any capital gains due would be shared between us even though it is her tax liability.

My ex-wife moved out of the home in June 2008 and she lived in rented accommodation until August 2012 when she bought another property. My question is which of these dates signifies the end of her private resident relief for the property. Clearly the possibility of an extra 50 months’ relief has an impact on the tax liability but I would like to make sure that any claim can be substantiated.

I look forward to hearing from Taxation readers.

Query 18 932– Ex.

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