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Posted Thu, 29 Aug 2024 16:01:39 GMT by Anne Simmons
I have been saving in a stocks and shares junior investment account for my grandchild on a monthly basis for 20 years. The account is in my name but designated to my grandchild. If I now transfer this account into a General Investment Account within the same company in my grandchild's name do I have to pay Capital Gains Tax. I personally have not made any gain.
Posted Thu, 05 Sep 2024 15:09:20 GMT by Anne Simmons
Why have I not received a reply to my question posted 7 days ago?
Posted Wed, 11 Sep 2024 07:05:51 GMT by HMRC Admin 25 Response
Hi Anne,
Please have a look at the guidance here:
CG10720 - Persons chargeable: beneficial owner.
Onwards for guidance on this matter.
Thank you. 

 

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