No pain on your gain: draft CGT legislation benefits separating couples

No pain on your gain: draft CGT legislation benefits separating couples

The Government has published draft legislation which will introduce two important and welcome changes to the current capital gains tax (CGT) rules under which (a) the period for no gain/no loss transfers between separating and divorcing couples and (b) principal private residence (PPR) relief where one spouse or civil partner leaves the family home is to be extended.