• Cash settlements

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    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 de facto marriage, 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.

    Last modified: 06 Oct 2009QC 27921