Anne Simmons
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RE: Transferring stocks and shares to a grandchild
Why have I not received a reply to my question posted 7 days ago? -
Transferring stocks and shares to a grandchild
I have been saving in a stocks and shares junior investment account for my grandchild on a monthly basis for 20 years. The account is in my name but designated to my grandchild. If I now transfer this account into a General Investment Account within the same company in my grandchild's name do I have to pay Capital Gains Tax. I personally have not made any gain.