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Tax on divorce settlement

Posted 12 May 2016

Elle says:
11 May 2016 at 22:12

I would just like to know if I will be taxed on my divorce settlement?

TaxTim TaxTim says:
12 May 2016 at 9:38

You will only be taxed if the amount comes from any pension or retirement fund or if properties are sold then there will be CGT paid before being paid to you. However the actual divorce settlement is not taxable.

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