The UK government has published a draft Finance Bill 2022-23 with Capital Gains Tax (CGT) rules for divorcing couples set to change.
Legislation will be introduced that will mean that:
- Separating spouses or civil partners will be given up to three years after the year they cease to live together in which to make no gain or no loss transfers.
- No gain or no loss treatment will also apply to assets that separating spouses or civil partners transfer between...