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JGM, Solicitor
Category: Family Law
Satisfied Customers: 12190
Experience:  30 years as a practising solicitor. Partner in own firm.
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My wife will pay me £50,000 in 8 years time when she sells

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My wife will pay me £50,000 in 8 years time when she sells the family home when our youngest child is 18. This is in the divorce financial settlement. Will I have to pay tax on the money that I receive?  Can I get an answer shortly?

Thank you for your question.

You will not pay tax on a divorce settlement.

I hope this helps. Please leave a positive response so that I am credited for my time.
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