A division of assets isn't tax-deductible to the person paying the assets or taxable to the recipient in most cases.
However, if your spouse was employed by you in your business, then you would list the expense as "contractor" expense.
If your spouse didn't work in the business that you're tasked with paying him some portion of revenue from, he won't owe self-employment taxes, and you won't have a deductible expense. This is true even if the divorce settlement agreement states otherwise.
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