What are the rules for capital gains tax on divorce?

Capital Gains Tax (CGT) rules have changed in order to make the process for divorcing couples fairer, simpler, and less pressing. Transfers of assets or property between spouses when they are living together are not subject to CGT, but when couples divorce, things become more complicated. But what is CGT? How will it affect you, and is it something you will be required to pay? This article explains everything.