Policy paper

Capital Gains Tax: transfers of assets between spouses and civil partners in the process of separating

This measure makes changes to the rules that apply to transfers of assets between spouses and civil partners who are in the process of separating.

• From: HM Revenue & Customs
• Published: 20 July 2022

Documents

Capital Gains Tax: separation and divorce

HTML

Draft legislation

PDF, 47.8 KB, 2 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Draft legislation accessible version

HTML

Explanatory note

ODT, 13.8 KB

This file is in an OpenDocument format

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

This measure makes changes to the rules that apply to transfers of assets between spouses and civil partners who are in the process of separating.

It proposes that separating spouses or civil partners be given:

• up to 3 years, after the year they cease to live together, to make no gain or no loss transfers of assets
• unlimited time when the assets are the subject of a formal divorce agreement

This makes the process fairer for those spouses who are separating or divorcing and are in process of distributing assets between themselves.

Published 20 July 2022