Simon Jones

If I transfer company shares to my spouse, and they subsequentially sells them at a loss, is that loss treated in the saw way as if they had brought the shares themselves? In other words, can the loss be used to offset gains against any other sales of their holdings in the same tax year, and carried forward if unused?

How are capital gains and losses on overseas shares, ETFs and unit trust funds treated and reported (e.g. those domiciled in Ireland, Gurnsey, Holland etc)? If there is no foreign tax involved and all are qualified for UK reporting where required, are entries on SA106 required? Are they included on SA108 alongside UK gains/losses? Can foreign losses be offset against UK gains? The help on page FN1 says not to use the foreign pages for the disposal of assets (does that cover the above or physical assets?), however box 52 help, gains on disposals of holdings in offshare funds seems to suggest they should be.

Hi, I gifted a number of Gurnsey domiciled shares in an investment trust company that are traded on the FTSE London to my spouse. My spouse wishes to sell them, and will incur a loss in doing so compared to the price I originally purchased them at. Can my spouse use that loss to offset their other capital gains relating to share disposals? Many thanks