Tradefair & Financials
Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
A question for you accountants. With regards to CGT can a higher rate taxpayer transfer his shares to his non working wife and they then benefit from the reduction in CGT from 28% to 18%?
It seems ridiculously easy.
It seems ridiculously easy.
Show More
You can gift the shares to your spouse. For tax purposes you will have deemed to have disposed of the shares at 'today's' price, so may be liable to capital gains or loses.
If you had gifted the shares when you originally acquired them, you would have both been able to take advantage of the individual tax allowances relating to CGT.
If you had gifted the shares when you originally acquired them, you would have both been able to take advantage of the individual tax allowances relating to CGT.
Post Your Reply
Please login to post a reply.
Wonder
Instance ID: 13539