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Yes certainly a lesson but one would hope that I don't end up in that situation again...!! We had several properties that were sold prior to the finalisation of the agreement. But at this time I did not consider these implications. She took the PPOR so would not have paid CGT on that and I...

Or Turk are you saying 50% (IP Discount) of 50% (my half) of the $205k - $143k, plus 50% of the $250 - $205? That would be a little better.... :)

It was all completed through a binding financial agreement and at the time, there was no CGT paid at this point..... So looks like 50% of the total gain...... Darn it...... :(

Hi all, Thanks for the humility Dazz, thankfully it was all semi amicable.... The property was always an IP in both names. As part of the financial settlement, I was made sole owner of the propoerty (under marriage breakdown roll-over) which remained an IP. 12 months has passed since this...

Hi all, Could someone out there confirm for me what figures I need to be going off to calculate CGT on a recent sale: Original Purch Price - $143k Divorce agreed value - $205k Sale price - $250k My interpretation of the rule is that the CGT payable by me is based on the $250k less the...