kitis123

Thank you but can I just confirm that it would be my liability and not ex spouse?

Separated Sept 2019 Consent order June 2023 - flat to be transferred to spouse Decree Absolute 28 October 2023 Flat sold December 2023 without a transfer to ex first and proceeds went to ex. May I add this was a buy to let property and not a main residence.

Separated September 2019 - ex moved into a home he previously owned before we married 20 years ago. Consent Order June 2023 Marital home to be sold and I receive the proceeds. I had to give him a lump sum and any CGT due but order stated we should use the new Finance Bill to mitigate any CGT. Ex refuses to maximise his Principle Primary Relief in light of the new law saying that he has nominated his other house (which has a buy to let mortgage). It is my understanding that any nomination should be made in writing within 2 years which I know he has not done. My question is: if he has not nominated the other house would HMRC still class the former marital home as his PPR therefore incurring no CGT liability? I would be so grateful for any advice.

A flat in my sole name was awarded to my ex spouse by consent in Divorce Financial Order but was sold immediately with proceeds going to my ex and no transfer took place. Who is liable for the capital gain or loss?