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Posted Thu, 03 Oct 2024 14:42:01 GMT by Sidney
I am planning to gift some cryptocurrency assets to my spouse. Currently the assets are held in my own non-custodial wallet and I plan to transfer to my wife's non-custodial wallet. Speaking to my accountant he says all I need to do is keep logs of the transfers and the cost basis, with nothing to be declared in my self assessment until my wife sells the transferred assets? Could you confirm if is correct and if anything further needs to be done with recording and/or declaring the gifts? Thanks
Posted Fri, 11 Oct 2024 09:47:27 GMT by HMRC Admin 20 Response
Hi,
Transfers of assets between spouses do not attract capital gains tax until the asset is sold.
Thank you.
Posted Sun, 15 Dec 2024 16:03:44 GMT by SimonJG
Hi May I ask what documentation HMRC requires to support the transfer of crypto to a spouse? From another forum a declaration of trust or a deed of trust was mentioned. In summary, what legal supporting documentation do I need either before or after transferring crypto to my wife? Many thanks.
Posted Mon, 23 Dec 2024 12:24:34 GMT by HMRC Admin 17 Response

Hi ,
 
You would need a trsut deed to confirm that the asset has been transferred and must be signed , dated and witnessed .

Thank you .

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