In this latest episode of TaxVibe, Paul Hockridge, CTA, principal of Hockridge Advisory, delves into the tax implications following divorce and separations – an intrinsic and unavoidable part of modern living in relationships.

While many assume the CGT roll-over makes divorce tax matters straightforward, the reality is far more complex. Tax practitioners often need specialised knowledge when advising clients through relationship breakdowns, considering both immediate tax relief options and long-term implications. 

 The episode covers:  

• Relief under Subdivision 126-A of the ITAA 1997: Provides CGT roll-over relief in certain circumstances,  but doesn’t apply universally 
• De facto vs. marriage: Different legal treatments affecting tax outcomes 
• Property settlements: Tax implications beyond simple asset transfers.

Host: Robyn Jacobson, CTA

Guest: Paul Hockridge, CTA, Hockridge Advisory

For more information about The Tax Institute: https://www.taxinstitute.com.au/