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Posted Fri, 11 Oct 2024 18:44:58 GMT by jtodo
Hello, I am considering making an "in specie" transfer of shares worth £2500.00 at market value to my wife. If she has no other capital gain and given the total value of these shares is less than £3000.00, am I correct in thinking she will pay no capital gain? And if she puts the money into our joint current account does that create any CGT liability for me? Thank you.
Posted Mon, 21 Oct 2024 07:52:42 GMT by HMRC Admin 19 Response
Hi,
A gain will only arise if, or when the shares are sold and there is an increase in value. Transfers between spouses are not liable to CGT at the time of transfer.
Thank you.

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