Capital gains post a divorce

Hi If you buy the remaining 50% of a property from your partner in a divorce settlement, then what is the acquisition price for CGT purposes, if you sell that property later on. Is it that price at which you bought from your ex partner or is it 50% the original price please?

Hi,

It is made of your share when originally purchased and then the 50% at the time purchased from your former spouse.

Thank you.

I thought that transfers as part of a divorce settlement are on a no gain/no loss basis. ie the share acquired as part of the divorce settlement is treated as though you bought it at the original price at the time of the original purchase? Maybe my understanding of no gain/no loss is incorrect.

Hi taxhelpsought

It depends on the date of divorce and when the assets  are transferred -  
Please see CG22423 - Transfer of assets: between spouses or between civil partners: separation, divorce or dissolution: date of disposal where asset is transferred under a Court Order
and CG65315 - Private residence relief: separation, divorce or dissolution of civil partnership: computation of gains

Thank yoou