Separation and divorce:
Tax effects of separation and divorce
The taxes to be considered are as follows. Click on the links to read more.
Income tax - arising on your actual income and earnings but can also catch some transactions where legislation deems the profit or gain to be taxed as income. Read more …
Capital gains tax - can only arise on the disposal (whether by sale or gift) of an asset but not all disposals of assets will give rise to a capital gain. Read more …
Inheritance tax - a tax on your estate both on death and on any part you give away in your lifetime (subject to reliefs and exemptions). Read more …
Taxation of the settlement Read more …
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Where next?
Within Separation and divorce…
- The process itself
- Ancillary relief
- The family home
- Trusts
- Wills and inheritance tax planning
- Pensions
- Funding the settlement
- Investing the settlement
General…
