Gifting US shares to children

Hello- I am US citizen domiciled in UK so pay US and UK taxes. I have shares in US companies that I would like to gift my children who are US and UK taxpayers. Each would receive $10K in shares. What are the tax implications for both me and my children? Thank you.

Hi,
This would be seen as a disposal by you and Capital Gains Tax maybe due.
Your children would be liable to Capital Gains Tax if they sell the shares.
Thank you.

I have a similar question to the one above. Would this situation be subject to UK annual gift limits (£3000 per year) given the UK-domicile of the gift giver or are these not applicable given the assets are in the US?

Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you.