"It is often the rate of tax, whether income or capital gains, that grabs the headlines. This, however, is a radical change in the legislation that is most welcome and will make a significant difference to those in the midst of family breakdown."
Writing in FT Adviser, partners Rebecca Fisher and Jemma Pollock discuss the changes to the capital gains tax rules for divorcing couples and explain that these new rules will not apply to cohabiting couples.
The full version of the article is available to read online.
Rebecca Fisher is a partner in the private client team and member of Resolution's Pensions Tax & Financial Remedies Committee. She regularly advises families and individuals on all aspects of private client law including wills, estate planning, administration of estates, trusts and powers of attorney.
Jemma Pollock is a partner in the family team and member of Resolution's Cohabitation Committee. She regularly advises on cohabitation and property disputes between both separating couples and family members.