Chancery Division.

Judgment delivered 30 November 1981.

Capital gains tax – Assets transferred pursuant to consent order in divorce proceedings – Disposal of share in property to ex wife on decree nisi – Whether capital gains tax payable on transfer of joint interest in property – Finance Act 1965, sec. 22(4), (6), Sch. 7, para. 17(2), 20; Finance Act 1971, Sch. 10, para. 10.

  This was an appeal by the Crown from the finding of the General Commissioners that no capital gains tax liability arose on a transfer of a joint interest in property pursuant to a consent order made in 1976 on the granting of a decree nisi.

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