Transfer of shares to spouse

If I transfer shares from my sole named account to my spouses sole named account are there any CGT implications ? Would the shares transfer at the same cost as I purchased them ? Or would I create a gain/loss on the date of transfer and the shares transfer be at a new cost basis determined by the price on date of transfer ? Thanks

Hi,
 

There is no capital gains tax liability on the transfer of assets between married couples and civil partners.  There are different rules if you are separated and did not live together in all that tax year.  See link: Capital Gains Tax: what you pay it on, rates and allowances  . Thank you.

Does the process involve selling the shares/funds, transferring the cash, then the spouse rebuying the original shares/funds?

...as my platform does not allow in-species transfers or spouse transfers. Thanks

Hi Jon24234,
No, If the sell the shares they are still in your name and fully liable on any gain made irrespective of what you do with the funds.
Thank you.