DoctorT Ajems

Hello My husband owns land in Nigeria. If the land is sold, it would be at a loss when converted to GBP. What happens if the land is transferred to me in divorce? And if either of us sell the land afterwards, can we offset that loss against a capital gain on UK properties? Thanks

Hello My soon to be ex-husband owns a property overseas. I do not own a share of this property. If sold the property would have a loss for CGT purposes and we are getting divorced. Would I be able to use those losses to offset gains I might have from the proceeds of a UK sale?