Gifting Shares

I’m in the process of gifting shares to my children. In calculating my capital gains, is the MV of the shares the closing value on the day of the transfer or the previous days closing value.

Hi ,
 

Please have a look at the gudiance at CGT14530, which advises that the consideration is deemed to be equal to the market value at the date of the disposal of the asset disposed of. The same figure is used as the acquisition cost of the person who acquires the asset.  See :  www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg14530  . Thank you .

I’m aware of the rules regarding the date but my question was more specific as I cannot find the answer on the link you sent. The valuation of many assets will hardly change day by date but shares do. So if I transfer shares on say today Monday 15 July, is the valuation based upon the previous closing price on Friday 12 July or the closing price at the end of the day on Monday 15 July

Hi ,

It will be end of day 15/7 for your example . Thank you .