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Posted Fri, 17 Mar 2023 09:10:02 GMT by John Smith
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
Posted Mon, 20 Mar 2023 15:24:10 GMT by HMRC Admin 17

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.

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