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Sam
Sam, Accountant
Category: Tax
Satisfied Customers: 15712
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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On divorce, it seems that my spouse maybe up for CGT on his

Customer Question

On divorce, it seems that my spouse maybe up for CGT on his share of our family home. He vacated last July 2019, we got decree nice in October 2019. I have continued to live in the house, but, due to not being able to renegotiate the mortgage, I am under offer now, the divorce is still in UK courts. What is his liability? He lives in another country due to his work changes.
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Customer: Not as yet
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Customer: Sure, I understand. I assume he would need to seek advice
Submitted: 10 days ago.
Category: Tax
Expert:  Sam replied 10 days ago.

Hi, Sam here , one of the UK tax Experts here on Just Answer, thank you for your question and I shall reply shortly

Expert:  Sam replied 10 days ago.

Hi

Yes as its been more than 9 months since this was his main residence he will be liable to capital gains on any share of profit in the property

He should declare this to HMRC within 30 days of the property being sold and pay and gain due then also

Link here for this new legislation https://www.gov.uk/guidance/capital-gains-tax-for-non-residents-uk-residential-property

Thanks

Sam