SPLIT ON LATENT CAPITAL GAINS: can you explain this simply

…to me as my definitions are slightly out of kilter. Can someone explain this to me in lamen terms please?

First you have to describe what you understand “latent” capital gains to mean. If it is anything other than “unrealized” capital gains, then we need to know the context in which you read or heard the phrase.

Next, you need to give us the scenario in which the capital gain is to be split. Do you need assistance with structuring a deal around "latent capital gains’?

I don’t think anyone can understand what you are asking, please provide a little more info.