Capital gains tax and divorce

rippedoffmum

My husband and I plan to divorce this year. When we married, I moved into his house so the family home was in his sole name. We then bought a holiday home and this was bought in my sole name.

We then moved house and bought another family home, that was sold when we separated. From the proceeds we each bought a house.

So far, so straightforward. However, when we divorce, he is going to get the holiday home because we agreed this when we separated four years ago. During that four years he uses it and I don't. I still pay most of the bills but he gives me money that covers them, it remains in my sole name.

I have been looking into CGT and I would like to know if there will be CGT to pay if I transfer the property to him and if this will vary according to when this is done. Basically does it make more sense to transfer the property before we get divorced, or after, in terms of CGT, or does it make no difference?

Thanks in advance for any advice.