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  1. Divorce can also be very taxing
    Personal tax

    ... loss rule on transfer of assets between spouses ceases for capital gains tax purposes at the end of the tax year in ... treated as made at market value, resulting in a potential capital gains tax due. To give this some context, we can look ... was 90% of the value, then Jeff would be faced with a capital gains tax bill of around $13.5bn. So however painful ...

    26th Sep 2019 | Columnist post