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  • RE: Capital Gains tax on previous home i lived in then let out

    Good evening I purchased a home in 2001 and lived in it with my wife /family for 4 years . I extended the property / renovated also. We then rented the property for the period up until 2022 when we were having marriage problems . My ex wife (divorced 2022) now . The property is in my name and I’m wanting to transfer this to my exwife as it is now her home .i have been renovating the property over the last year to bring it up to a satisfactory level . 1. Can I claim against cgt for initial improvement's/ extensions from all those years ago 2. Can I claim against cgt for recent improvements 3. We didn’t get a financial divorce order when we divorced in 2022 so transferring an asset that we had rented is there any relief on CGT as this is now her home. As part of our agreed settlement . She will also get part of the value of the family home too. Seems a very confusing situation . Solicitors don’t seem too interested in giving definitive advice as neither accountants as it’s a crossover / ambiguous to their normal roles