PaulLH
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Is CGT due?
I separated from my wife in March 2011. We got a Decree NISI in September 2013, however have been unable to agree a financial settlement since. She therefore remained in the former matrimonial home (FMH) and I have been paying the mortgage since we separated. In May 2015 I managed to obtain a new mortgage on a property for me and my new partner to live in. My wife and I have now agreed a final settlement and we are applying for a Consent Order shortly. The FMH is under offer and may complete before the Consent Order is Court approved. Does this mean that CGT is payable on the sale of FMH? If the Consent Order is Court approved before the sale completes and confirms that the proceeds are 100% for my ex-wife does this change the CGT position?