Family Court Practice, The
Order the 2021 edition due out in May
Court of Protection Practice 2021
'Court of Protection Practice goes from strength to strength, having...
Jackson's Matrimonial Finance Tenth Edition
Jackson's Matrimonial Finance is an authoritative specialist text...
Latest articles
Queer(y)ing consummation: an empirical reflection on the Marriage (Same Sex Couples) Act 2013 and the role of consummation
Alexander Maine, Lecturer in Law, Leicester Law School, University of LeicesterKeywords: Consummation – adultery – marriage – empirical research – LGBTQConsummation and...
A v A (Return Without Taking Parent) [2021] EWHC 1439 (Fam)
(Family Division, MacDonald J, 18 May 2021)Abduction – Application for return order under Hague Convention 1980 - Art 13(b) defence – Whether mother’s allegations against the father...
Domestic Abuse Toolkit for Employers
The Insurance Charities have released an update to the Domestic Abuse Toolkit for Employers.Employers have a duty of care and a legal responsibility to provide a safe and effective work...
Two-week rapid consultation launched on remote, hybrid and in-person family hearings
The President of the Family Division, Sir Andrew McFarlane, has announced the launch of a two-week rapid consultation on remote, hybrid and in-person hearings in the family justice system and the...
Pension sharing orders: Finch v Baker
The Court of Appeal judgment in Finch v Baker [2021] EWCA Civ 72 was released on 28 January 2021. The judgment provides some useful guidance on not being able to get what are essentially...
View all articles

Riding out the Economic Storm: Delayed and Deferred Property Sales

Sep 29, 2018, 17:27 PM
Slug : riding-out-the-economic-storm-delayed-and-deferred-property-sales
Meta Title :
Meta Keywords :
Canonical URL :
Trending Article : No
Prioritise In Trending Articles : No
Date : Feb 5, 2010, 06:38 AM
Article ID : 86513

ANDREW MOORE, Solicitor, Mills & Reeve LLP, Manchester

There are a variety of reasons why parties to a divorce may decide to defer the sale of a property and, consequently, their capital entitlement in it. These might include securing accommodation for the children of the marriage during their minority and/or education, an inability to sell the property in a deflated housing market or a wish to delay a sale until the economy starts to improve and a greater financial gain can be realised. Triggers for sale, such as the elapsing of a period of time or a child finishing university can be agreed and documented by the parties to provide certainty and the ability to plan for the future. This article looks first at the possible scenarios that may arise, summarises the relevant basics of Capital Gains Tax (CGT), and then looks in more detail at the tax, legal and practical considerations for the family lawyer when a deferred property sale is contemplated.

To read the rest of this article, see January [2010] Family Law journal.

To log on to Family Law Online or to request a free trial click here.

Categories :
  • Articles
Tags :
Provider :
Product Bucket :
Recommend These Products
Related Articles
Load more comments
Comment by from