Mark Harrison

Hi thanks for the reply admin. I am confused as the time limit is 3 years or unlimited if part of a formal divorce agreement. The house sale is subject to a financial consent order stating timelines that exceed the 3 years and directed by a Judge. Is a financial consent order a formal divorce order? Thanks in advance

Hi, I left my matrimonial home on 27th July 2019 and borrowed money to buy another home whilst paying half the mortgage on my matrimonial home. On 10th December 2019 a financial order was ordered at family court and becoming effective at decree absolute on 3rd February 2020. The order stated my ex wife could remain until the school leaving age of our youngest child which is June 2024 therefore leaving me no choice but to pay half of the mortgage until we sell the house this year. I now understand that I have to pay capital gains tax even though I had no choice but to abide by the court order. Is that correct?