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Proposed CGT changes likely to cause “significant difficulties for divorcing couples and their families”

News Team, 20/11/2020

Proposed increases to capital gains tax suggested by the Office for Tax Simplification in early November are likely to hit divorcing couples hard, UK law firm Royds Withy King has warned.

In most divorce cases, a physical separation cannot be delayed until a financial settlement has been finalised, leading to one of the parties agreeing to move elsewhere in the interim.

Whilst this may be the best decision when emotions are running high, it can cr...


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