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  • FIRST POST
    • GillDavies12345
    • By GillDavies12345 12th Nov 17, 2:50 PM
    • 1Posts
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    GillDavies12345
    Gifting shares to my spouse
    • #1
    • 12th Nov 17, 2:50 PM
    Gifting shares to my spouse 12th Nov 17 at 2:50 PM
    hi there, I want to gift some shares in a family business to my spouse. It looks on the HMRC website as if there is no capital gains to be paid on this as he is my spouse and we live together. But are there any other costs? Or anything about this that may incur costs in the future that I might not have considered? I'm not sure where to get advice on this, so hoping someone on this forum can help. Thanks in advance
Page 1
    • Tom99
    • By Tom99 12th Nov 17, 4:54 PM
    • 567 Posts
    • 334 Thanks
    Tom99
    • #2
    • 12th Nov 17, 4:54 PM
    • #2
    • 12th Nov 17, 4:54 PM
    My understanding is that the spouse would take on the shares at your cost and so defer the capital gain until they in turn sell them.

    Other than that I would think the only cost is any transfer costs involved.
    • jimjames
    • By jimjames 12th Nov 17, 8:28 PM
    • 12,189 Posts
    • 10,706 Thanks
    jimjames
    • #3
    • 12th Nov 17, 8:28 PM
    • #3
    • 12th Nov 17, 8:28 PM
    Are the shares listed or just ones held in a private company?
    Remember the saying: if it looks too good to be true it almost certainly is.
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