R
Robert
Please can someone advise one this. I have a holding of ordinary
shares which I inherited in 2003. They currently show a profit
(relative to the proabte valuation) that is larger than the current
CGT allowance of £8.800. I would like to sell them and have the gain
charged to my wife's CGT allowance.
On the selftrade website it says: "Married couples can share their
annual capital gains tax allowances."
Is this really so? Can I simply sell the shares and assume an
allowance of 2*£8,800 or do I need to transfer the shares to her and
let her sell them?
thank you for your help,
Robert
shares which I inherited in 2003. They currently show a profit
(relative to the proabte valuation) that is larger than the current
CGT allowance of £8.800. I would like to sell them and have the gain
charged to my wife's CGT allowance.
On the selftrade website it says: "Married couples can share their
annual capital gains tax allowances."
Is this really so? Can I simply sell the shares and assume an
allowance of 2*£8,800 or do I need to transfer the shares to her and
let her sell them?
thank you for your help,
Robert