Hi all I'm trying to get my head round the divorce and consent order process.
Please could you clarify - does the consent order happen at the same time as the final order, or is it some time after?
We haven't formally separated yet. I have a BTL property which my husband may accept in the form of equity from our family home. Ticks a lot of boxes, nearby, suitable etc.
My solicitor said this may be do-able but that for capital gains purposes, we need to seperate in the same tax year as I sign the flat over to him. As I haven't yet started any of the process, do you think this could all be done before April 5th next year? Otherwise I'd have to pay tens of thousands in tax.
I know there's a backlog of divorce cases.
Or if I wait to do it next tax year, does that mean we can't formally seperate until then? Hes unable to live with family, friends etc so would need to rent for a while until everything is progressed. I do have a solicitor but it's so expensive just to ask little things, have also looked online etc.
Thanks