Is CGT payable when putting property into a bare trust for wife?

We have a client who has sold a property and we asked him for details so we could work out his CGT liability. He provded a deed of trust, dated the day before the sale completed, putting 20% of the property into a bare trust for his wife. 1) Is this a legitimate course of action? 2) Is this 20% transfer into the bare trust treated as a disposal at market value for CGT purposes or 3) Is it a disposal with no gain/no loss as the bare trust is for his wife? We need to complete the 60day CGT return shortly so your assistance would be much appreciated.

Hi Heather Mitchell,
Please refer to guidance here:
CG37000 - Absolute entitlement
Thank you. 

 

Hi, sorry but I don't understand that guidance at all. Can one of your experts please answer my questions?

Hi Heather Mitchell

We cannot comment on scenarios, only provide general information/guidance in this forum.  
For an answer to a detailed question of this nature, you would need to contact our Self Assesment helpline on 0300 200 3310, or seek professional advice.

Thank you