How divorcing couples are affected by tax - Simon Blain and Guy Abrahams write for FT Adviser
Simon and Guy have co-authored an article published in the FT Adviser entitled, 'How divorcing couples are affected by tax'.
For couples facing divorce, the tax consequences of their financial settlement are unlikely to be at the forefront of their minds. Nevertheless, the implications of failing to take good tax advice can have a significant impact on a couple's finances at a time at which they are likely to be under pressure anyway.
The article covers the key tax implications for divorcing couples:
- Capital Gains Tax
- When Principal Private Residence relief applies
- Inheritance tax
- Income tax
- Stamp duty land tax
The original article can be read here.