Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Readers' forum : Separate lives

28 February 2017
Issue: 4589 / Categories: Forum & Feedback

Extent of only or main residence 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 residence 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.

 

Reply by RN

Ex is asking for the date when his ex-wife’s entitlement to only or main residence...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon