Tax liabilities may not rank highly in the heat of a divorce but when a couple splits assets – particularly property – there are tax hurdles that many people don’t expect but can still come back to bite…

Statistics from the Australian Institute of Family Studies show that divorce has gone out of fashion this millennium, with the crude divorce rate falling from 2.8 per 1000 people in 2001 to 2.1 in 2013. The decline in divorce is particularly noticeable among couples aged 25-40.

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