CG22400 - Transfer of assets: between husband and wife or between civil partners: separation, divorce or dissolution: introduction
This section explains how you can determine
- the date of disposal
and
- the deemed consideration for the disposal
when an asset is transferred between a husband and wife
following permanent separation or divorce, or between civil
partners following permanent separation or dissolution of the civil
partnership.
In practice it is the date of disposal which governs the
deemed consideration. So you need to follow the instructions at
CG22410 - CG22423 to decide the date of disposal and then follow
CG22500 - CG22505 to decide on the deemed consideration. The
position is summarised in the table below.
Where the transfer is of the matrimonial or civil
partnership home or of an interest in that home you should refer to
the instructions at CG65300+.
| DATE OF DISPOSAL | DEEMED CONSIDERATION | INSTRUCTION |
| While husband and wife or civil partners of each other are living together | Such amount as will give neither a gain nor a loss on disposal | CG22200 |
| In year of permanent separation | As above | CG22202 |
| In year during the whole of which husband and wife or civil partners of each other were permanently separated | Market value at the date of disposal | CG22500-CG22504 |
| Following divorce or dissolution of civil partnership | Sometimes market value at the date of disposal, sometimes actual consideration | CG22505 |
