Capital Gains
Capital gains are the profits you make when you sell an asset—like a house, stocks, or a business interest—for more than you paid for it. In a Florida divorce, capital gains matter because dividing or selling marital property can trigger taxes that reduce what each spouse actually keeps. Considering the tax impact helps ensure a division is fair in real-world, after-tax dollars, not just on paper.
Last updated June 21, 2026
Legal Definition
The taxable profit realized on the sale or transfer of a capital asset, relevant in dissolution because the after-tax value of marital assets is a factor courts may weigh when achieving an equitable distribution under F.S. §61.075.
Example
Selling the rental property would create a large capital gains bill, so the spouses factored those taxes into their settlement.
Related Statutes
- 61.075
Related Terms
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