Gifting shares to family

My wife and I are of the age of needing to plan disposal of part of our assets. We have a number of shares in a company and they have increased in value considerably. We want to pass some on to her niece and to their children. Can you confirm whether CGT would be payable and if so would it be payable by us at the time of transfer. Most of the shares were acquired by me as part of a salary package back in 1983 and I don't know the original value of them . . . so how would the calculation be made?

Hi,
If you are transferring the shares, you would need to use the market value of the share on the date you dispose of them, to work out your gain, minus the cost of transferring the shares.  
There is a calculator below to help work out your gain and allow you to report the gain using the Captial Gains Tax real time transaction service (CGTRTT).
Tax when you sell shares  
If you do not use this service to report the gain, then you will be required to complete a Self Assessment tax return.
Thank you.

Gifting shares to a registered charity. I wish to gift some shares to a local community project that is already an established registered charity. I've read the info on Gov.UK but would still appreciate clarification please. It is not my intention to make any personal financial gain whatsoever, but to gift all proceeds to the charity. Is it correct that I can simply gift shares, no matter what the gain in value, without there being any CGT implications on me? If so, would HMRC wish to receive any documentation from me? Alternatively, if the charity would prefer to receive the money instead, would I be able to cash in the shares and gift the full proceeds instead? Again, what would HMRC want me to produce?

Hi ,
 

Please refer to : Capital Gains Tax: what you pay it on, rates and allowances   .

Thank you .