Tax & Divorce
On the finalisation of your Divorce there are important things we need to consider.
- Divorce orders by the court may affect your tax situation especially relating to
- Any jointly held property
- Any joint business or partnerships from which you have had an income
- Any pension arrangements
- When submitting your return you simply need to let us know that you’re not married any more. All you have to do is tick the “not married’ box on your ITR12.
Top Tip: Separating assets at the time of divorce also has capital gains tax implications.