7. Tax when transferring assets
You may have to pay Capital Gains Tax on assets you transfer to your ex-partner after your relationship ends.
If you transfer an asset when you’re separated
If you lived together at any point in the tax year that you transferred the asset, the normal rules for spouses and civil partners apply.
Otherwise you may have to pay Capital Gains Tax. You’ll need to get a valuation of the asset on the date of transfer, and use it to work out the gain or loss.
The tax year is from 6 April to 5 April the following year.
If you transfer an asset after you’ve divorced or dissolved your civil partnership
You may have to pay Capital Gains Tax on assets you transfer after your relationship has legally ended.
The rules for working out your gain or loss are complex. Contact HM Revenue and Customs (HMRC) or get professional tax help, such as an accountant or tax adviser. You’ll need to tell them the date of: