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Posted Wed, 01 Jan 2025 09:03:28 GMT by AA L
My spouse transferred a bond to me. When I sell it, I know I need to use the cost price my spouse purchased the bond to calculate CGT. I want to know if the capital gain or loss should be reported by my spouse or me? If there is a capital loss, can my partner report this so my partner can offset it with the capital gain, and I don't need to report anything? Thank you.
Posted Thu, 16 Jan 2025 16:05:06 GMT by HMRC Admin 25 Response
Hi AA L,
As the asset has been transferred to you, it is you who reports any loss/gain when you dispose of it.
If a loss, it is only you who can use it.
Thank you.

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