Carmen W
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Transfer of shares - cost
Hi there, I bought 300 shares of company X at price £30 in Dec. My husband also bought 100 shares in same company in Jan at price £50. I transferred all my 300 shares in same company to my husband in Feb when the market price is 70. When my husband dispose 200 shares, what is the cost of the shares please? Thank you -
Transfer of shares
On 1 Feb 2024, I bought 300 shares of a stock at price 600 on 4 Mar 2024 , my wife bought 100 shares in the same company at the price of 720. I sold 100 shares at the same price on 20 Mar 2024, I transferred 100 shares in the same company (with a value of 750 per share on that day) to my wife. on 5 Apr 2024, my wife sell 140 shares in the same company at a price of 830 on 9 Apr 2024, I buy 100 shares in the same company at price of 870 Q1) my Captial Gain for the year 2023/2024 = 100*120=12000 (not 870 because bed and breakfast is not applicable, right?) Q2) what is the cost (600, the cost I bought the shares in Feb that subsequently transferred to her) or (720 the cost she bought the shares by herself on 4 Mar) to be used to calculate her capital gain on selling the 140 shares at price of 830 on 5 Apr? thanks