Tax on divorce settlement

By Nicci Courtney-Clarke · Updated

Elle

Elle said:
11 May 2016 at 22:12

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

TaxTim Nicci said:
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.