3.2 Capital Gains Tax
This paragraph is not asking about CGT (Capital Gains Tax) payable on ‘bricks and mortar assets’ but rather investments such as Shares, Bonds, and Crypto currencies which you will have listed in PART 2.4 of the form
It will be important to work out if CGT applies to any of these assets you own or have a share in and if so, what it is likely to be on a sale or transfer, resulting in the net value of the asset, which will need to be calculated to be able to reach a fair financial outcome.
You do not want to end up with an asset in your share of the divorce settlement on which you will have to pay tax, which you were not aware existed at the time of reaching your agreement with your Ex, effectively reducing the net value of the asset you receive.
Where would be the fairness in that?
A good starting point for this calculation is the Government website www.gov.uk/capital-gains-tax although we recommend a professional calculation by your accountant or one of our Financial Neutrals.
If you need expert support with the CGT calculations please speak to your Mediator. They will recommend a suitable Expert and preferably someone who can help you and your Ex with this calculation in a neutral, completely transparent capacity, keeping the whole disclosure process collaborative, carefully managed and contained.