local accountants CGT divorce

This infographic from Trueman Brown outlines the Capital Gains Tax (CGT) rules on separation and divorce in the UK. It highlights:

New Three-Year Rule – spouses or civil partners can transfer assets on a no gain/no loss basis until the end of the third tax year after separation or until a court order is granted.

Formal Divorce Agreements – assets transferred under a formal agreement can move between former spouses or partners without time limits.

Matrimonial Home and Private Residence Relief – where one partner retains an interest in the home and later shares in sale proceeds, they remain entitled to proportional private residence relief.

Ideal for taxpayers seeking clarity on how the Capital Gains Tax rules for spouses UK apply during separation or divorce.