CGT in a divorce

[halfthesun]

Hello, trying to divorce ex, so far have spent thousands and still no solutions. I have tried solicitor, mediators and now talking to tax people. I live in family home - ex has London house which he rents out.

I need to transfer London house to him (take my name off the mortgage) and I will keep family home. Just learnt I need to pay £70k CGT on London house as it has appreciated in value. London house not being sold, I will not get any money when it is sold so no gains for me just hefty tax bill. I do not have £70k. Ex refuse to sell London house. Tax people can't advise on divorce or how I pay. Solicitor says I need tax advice - who throw it back to solicitor and so on.

Has anybody been through this and can help? I am so loathe to employ yet another solicitor. TIA

ps been on here every since I discover ex had sex with my friend .. have NC since then!

I'm not a tax expert, but I'm assuming here that you're being deemed liable for CGT as it's a disposal of a an asset: CGT can be triggered even when there is no sale of an asset. I do think you'll need specialist tax advice.
If the CGT liability is definitely there, can it be taken into account in the split of assets?

You might find this article helpful www.wellersaccountants.co.uk/blog/in-the-divorce-process-capital-gains-tax-issues

Thank you! Will have a read now