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Posted Thu, 21 Apr 2022 15:15:08 GMT by A Ahmed
Hi, Inter-spousal property transfers are at "no cost no gain". Post 2020 there is no need to report on SA. Was this the same case in 2018 - 2019 ?
Posted Mon, 25 Apr 2022 16:26:05 GMT by HMRC Admin 10
Please note that the transfer of assets between a husband and a wife who are 'living together’ has always (generally speaking) been on a no gain/no loss basis, with the gain on the whole period of ownership being brought into charge when the asset is eventually disposed of.
This provision (for husband and wife) was present back in 06/04/1992 when TCGA 1992 was introduced.
It was amended to include civil partners from 2005. 

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