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Posted Mon, 25 Mar 2024 09:40:45 GMT by Ammersham Miller
can anyone help? My ex became bankrupt due to fraud so CCj's were never written off. I own all of the house having bought it from Trustee in Bankruptcy. Now divorced but on divorce ex gets half of my share in the house. Divorce agreement states I own property and am soley responsible for mortgage and maintenance payments until it's sold. Once the house is sold and ex gets lump sum will it be a capital gain? separated in 2021 and divorced at end of March 2022.
Posted Wed, 27 Mar 2024 11:49:34 GMT by HMRC Admin 25 Response
Hi Ammersham Miller,
HMRC cannot comment on future events as legislation may change.
Based on current guidance, there will be no capital gain for you if you have lived in the property for the whole period of ownership.
Thank you. 

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