drzero

To which address should I send the gift declaration? This: Self Assessment HM Revenue and Customs BX9 1AS or this: Capital Gains Tax Queries HM Revenue and Customs BX9 1AS ?

Many thanks for the prompt reply, much appreciated.

I own company shares that I would like to gift to my spouse. For practical purposes, we will keep the gifted shares in my broker account, I will hold them on behalf of my spouse. To formalize the gift, we will write a letter stating the number of gifted shares and the date. Soon after gifting the shares, I will sell the shares, on behalf of my spouse, and transfer the proceeds to their bank account. The disposal will trigger a capital gain, that my spouse will declare on their next self assessment (SA). Both of us will: - attach the letter to our next SA, and - keep records showing how our capital gains were calculated, and - attach those records to our SAs. Would this be sufficient to convince HMRC of our calculations, or is there any additional evidence that we need collect, or declaration to make? HS281, section 2, indicates that it's possible to hold shares on behalf of your spouse, but doesn't indicate what evidence the spouse needs to keep/provide.