Life, Death and Taxes – Insights by Mr Henshaw
DID THE SANDINI CASE REALLY EXTEND THE BOUNDARIES OF THE CGT MARRIAGE BREAKDOWN ROLLOVER? NO!
The breakdown of a marriage can have a high emotional and financial cost. Often, a spouse will have to transfer some of their assets to the other spouse (whether by agreement or because of a court order). In some circumstances, matrimonial assets will be held by related entities (e.g. a family trust), and that entity will have to transfer assets to a spouse.