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My son has been living apart from his wife for over two years and this is the final settlement in that he has to give his ex wife two houses held in joint names these houses are in a number of buy to let houses that he has and rents out. The capital value changes over time, surely the capital gain should be split between both parties but as the wife retains the house no capital gain applies. Does CGT apply in this case? .
Thank you for this information I am not clear about who pays the tax for my son has been living apart from his wife for over three years, is the capital gains tax split in half so both parties pay an equal amount.