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Marriage or relationship breakdown and transferring of assets

 
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Cash settlements

Changes to the law ensure that no CGT liability arises in relation to the ending of spouses' rights that directly relate to the breakdown of their marriage or relationship, including if they receive cash as part of a marriage breakdown settlement. No CGT liability arises if, at the time the rights end, the spouses were separated and there was no reasonable likelihood of cohabitation being resumed.

Sections within Treatment of certain assets

Last Modified: Thursday, 28 June 2012
 
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