Binding Financial Agreement Capital Gains Tax

As a result, capital gains tax, even if taxed separately, is part of the personal income tax for that financial year. As part of this process, certain assets or assets may be transferred from one spouse to another. This is why capital gains tax can become a relevant topic. The above special provisions concerning “rolling relief” in the context of a comparison of family assets also apply to the transfer of such assets when the transfer is made by order or agreement under the Family Law Act. Special rules apply to the transfer of property (with the exception of the family home) from one spouse to another when the transfer is made on the basis of an order. Financial agreement or arbitral award under the Family Law Act. .

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