A marriage breakdown often leads to a division of money and property between the separating spouses. If the marriage breakdown involves a CGT event (such as the disposal of an asset) there may be Australian CGT implications. Below we explain the Australian tax implications of transferring assets between spouses under normal conditions, noting that there is no CGT exemption for transfers between spouses unless the CGT rollover relief on relationship breakdown applies (see A2.5.2)
AU2.5.1ÌýÌýÌýÌý General CGT implications of transfers between spouses
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