Home – New Forums Other discussions Capital Gains Tax and Divorce Settlement

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  • #988381
    poppydott
    Member
    • Total posts: 1
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    Hi everyone, I’m new to this so please let me know if I say anything out of order.
    My ex husband and I had some rental properties that have been sold with the money all going into a trust account.
    Unfortunately he has dragged the proceeds out for 4 years (won’t go into the details) but I walked away with only the trust fund money. It’s not that much but it’s a start to my new life.

    Now….. what I really want to know is what happens with Capital Gains Tax?
    If I’m held responsible for the whole thing then I would have got zero out of the settlement. (Maybe that was the reason why he jumped up and down saying I’ve won I’ve won when I agreed on settlement??)

    Can anyone tell me am I now to bare the whole responsibility for CGT or will it be shared between the both of us as all property was in joint names when sold.

    #1166947
    Dave Gillen – Former FS Concierge
    Keymaster
    • Total posts: 2,566
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    Hi there,

    I can’t help you out with your query, but I’d like to welcome you to the forums. :)

    Best wishes for the next phase in your life!

    Dave

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