Gifted shares March 2023 - now needing to sell

My husband gifted shares to my sole name in March 2023. I now need to sell some shares under the £6000 threshold for this current tax year 23/24. Do I take the share price on this particular “gifted” date to be the price bought and then calculate the “gain” per share up to today’s market value to determine the number of shares to be sold? Any formulas or examples shown would be greatly appreciated.

Hi R Ellis,
You need to take the purchase price for the date your husband actually bought them.
Any gain would then be on the difference in price that that they are now being sold for.
You would be looking at the number of shares you are selling to ascertain the gain.
Thank you. 

Many thanks for the advice.