mptedte delay dvantage ofhe ew o l divorce couple can be made onwithout PROMOTION No Fault Divorce - waiting for April may risk a large GT bill Whie you may be tompted to wait for no fault divorce to start in April, choosing to delay your divorce may actually cause significant (and expensive) problems with Cepital Gains Tax (OGT). Andrew Barton, a partner at loading South West law frm, Stephens Scown LLP. explains why W "It is often a surprise to people that CGT liability is governed by the separation date rather than the date that the divorce itself is issued" uh the incepeion of paration can et in large and kis possitle toergtiteawih and tan efficient solution belooe the no fak divoroe on unoecesnary CCT 6April 20, many Ila couple have already separated endefhe tas yean, but if this proves already separated ndare holding oom resoving impoe, then with the coeren their inancial aflals to take ta advice anders between the their divorce. Whalie masbe fer the best of evanona, vach aswihing the intee-spousal eemgcion and to avold any unnecesary acrimons CGT will be fally payable an if they the decison o delay may cse signitrant and untarreen ater theApril, they will have lost peejudice" or interim tasis vod the wortofthe CGT ables (perhaps with an eyethe upcoming no taut legialatikon) they may have a very shori window ef time before any transder wil rigger a CCTbiy enable an immediane diverce 1o proceed and than look so tackle be wparated by the Reveoae. property and tas ioesrgretly to AsPrincess Diana famounly oid unnecessary tacharges is said. "there were hree of us in hadal Separin le demedo weetmaied hik ohen a arprise to prople If you've net separaned yet If you ane not pen separated ia may be senaible to conaider by no means guaranteed that it will this marriage". Whilt she wan ax problema that CGT liability ia grerned by the separation date rther than the delaying sepaon taher SUMMARY The cute grounds of diverce whene couples have ttablish ether grounds of ahtery or reasnalle ehur unles accounancy advice early beloe ust be aken make ure that they have been agart for two can be similarly used in than the NO FAULT DIVORCE AND COT dane that the diverce ellis ind SApril 22. The basic rule for married be wae of possible tas charges in by the looming presence of the making deions take legal and taland Reveeand therefore care and prople often separate without thought to che tasconsequences, Cotreles for property which can be seve. Ifyue connemplating wparation in the eew montha orae alrety prople is that they can transler asets between them wiot There are diferent CT reles Incuring a CGT Iliabtiny. This changes when prople separate. Once a couple heve sparted parated and holding of from separation, howeve informal the the difficult le of divorce and sepatation feels to you. The dettion of separatni comples butacople ceinly danot Ifyou would liae advice enanyof that apply to the family home whichean ofien be translerred yeas ceriainly does net have resalt in arimony isafien poitegree the contents of the petition amicably hase o be legally separated by a teed these insoes, please get in touch. separation isa' made wore by an free of any CGT. Tis position looking at financial iun, i gain changr with separation Mone of the spoe moves t unespeceda bL Jnod a, ga mog ka eaemption for COT entranders important to take specialist legal the end of the ax year in which advice as sonas poible Androw Barnon is a Partner and head of Stephene Scownis Famly law team in Exeter, specialsing in the firancial ancects of relationahip broakdown. Named as a leader in his feld in the Chambers and Partrers guide to the logal prolossion and recommendod in Logal 500 UK, Androw specialises in high value and complex francial work HOW TO APPROACH a translers, a couple have THE SITUATION aportlelio of properny or ether aets chat they have owsed for seme time. dividing those ansets considered if separation han upin the tan year tllewing the Best ned out la realits, meny dveroe sedementstake longer than this to resolve so ifa couple eparane withoun legaldvice and then delay divorce proceeding Ifyou've already separated There ane options which can be already taken place. 01392 210700 FamilyFinance.Exeterestephens-scown.co.uk www.atephens-scown.co.uk mptedte delay dvantage ofhe ew o l divorce couple can be made onwithout PROMOTION No Fault Divorce - waiting for April may risk a large GT bill Whie you may be tompted to wait for no fault divorce to start in April, choosing to delay your divorce may actually cause significant (and expensive) problems with Cepital Gains Tax (OGT). Andrew Barton, a partner at loading South West law frm, Stephens Scown LLP. explains why W "It is often a surprise to people that CGT liability is governed by the separation date rather than the date that the divorce itself is issued" uh the incepeion of paration can et in large and kis possitle toergtiteawih and tan efficient solution belooe the no fak divoroe on unoecesnary CCT 6April 20, many Ila couple have already separated endefhe tas yean, but if this proves already separated ndare holding oom resoving impoe, then with the coeren their inancial aflals to take ta advice anders between the their divorce. Whalie masbe fer the best of evanona, vach aswihing the intee-spousal eemgcion and to avold any unnecesary acrimons CGT will be fally payable an if they the decison o delay may cse signitrant and untarreen ater theApril, they will have lost peejudice" or interim tasis vod the wortofthe CGT ables (perhaps with an eyethe upcoming no taut legialatikon) they may have a very shori window ef time before any transder wil rigger a CCTbiy enable an immediane diverce 1o proceed and than look so tackle be wparated by the Reveoae. property and tas ioesrgretly to AsPrincess Diana famounly oid unnecessary tacharges is said. "there were hree of us in hadal Separin le demedo weetmaied hik ohen a arprise to prople If you've net separaned yet If you ane not pen separated ia may be senaible to conaider by no means guaranteed that it will this marriage". Whilt she wan ax problema that CGT liability ia grerned by the separation date rther than the delaying sepaon taher SUMMARY The cute grounds of diverce whene couples have ttablish ether grounds of ahtery or reasnalle ehur unles accounancy advice early beloe ust be aken make ure that they have been agart for two can be similarly used in than the NO FAULT DIVORCE AND COT dane that the diverce ellis ind SApril 22. The basic rule for married be wae of possible tas charges in by the looming presence of the making deions take legal and taland Reveeand therefore care and prople often separate without thought to che tasconsequences, Cotreles for property which can be seve. Ifyue connemplating wparation in the eew montha orae alrety prople is that they can transler asets between them wiot There are diferent CT reles Incuring a CGT Iliabtiny. This changes when prople separate. Once a couple heve sparted parated and holding of from separation, howeve informal the the difficult le of divorce and sepatation feels to you. The dettion of separatni comples butacople ceinly danot Ifyou would liae advice enanyof that apply to the family home whichean ofien be translerred yeas ceriainly does net have resalt in arimony isafien poitegree the contents of the petition amicably hase o be legally separated by a teed these insoes, please get in touch. separation isa' made wore by an free of any CGT. Tis position looking at financial iun, i gain changr with separation Mone of the spoe moves t unespeceda bL Jnod a, ga mog ka eaemption for COT entranders important to take specialist legal the end of the ax year in which advice as sonas poible Androw Barnon is a Partner and head of Stephene Scownis Famly law team in Exeter, specialsing in the firancial ancects of relationahip broakdown. Named as a leader in his feld in the Chambers and Partrers guide to the logal prolossion and recommendod in Logal 500 UK, Androw specialises in high value and complex francial work HOW TO APPROACH a translers, a couple have THE SITUATION aportlelio of properny or ether aets chat they have owsed for seme time. dividing those ansets considered if separation han upin the tan year tllewing the Best ned out la realits, meny dveroe sedementstake longer than this to resolve so ifa couple eparane withoun legaldvice and then delay divorce proceeding Ifyou've already separated There ane options which can be already taken place. 01392 210700 FamilyFinance.Exeterestephens-scown.co.uk www.atephens-scown.co.uk