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Accountancy help needed.
Janeyallrim
Posts: 10 Forumite
in Cutting tax
Can someone help? I am getting a lump sum payment from my ex-husband, for a clean break payment from my divorce, will I have to pay capital gains tax on it? And is there anything else I would have to pay on it? Thanks
0
Comments
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Most solicitors' websites have free guidance:
https://www.otsfamilysolicitors.co.uk/news/tax-and-divorce
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I cannot imagine where Capital Gains tax comes into play in a divorce lump sum settlement for the recipient. No.Janeyallrim said:Can someone help? I am getting a lump sum payment from my ex-husband, for a clean break payment from my divorce, will I have to pay capital gains tax on it? And is there anything else I would have to pay on it? Thanks
Now if the person making the payment had to sell assets which became liable to Capital Gains tax, shares, property etc, that is a different matter for that person.1
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