Gifting shares to spouse

wilinabox

My wife has some shares in the company she works for.

We would like to know how much is she allowed to gift to me before one or both of us has to pay tax?

And also, how do you actually go about gifting shares to your spouse?

Any help or advice would be greatly appreciated.

Blah99

wilinabox wrote: »

My wife has some shares in the company she works for.

We would like to know how much is she allowed to gift to me before one or both of us has to pay tax?

And also, how do you actually go about gifting shares to your spouse?

Any help or advice would be greatly appreciated.

As far as I know she can gift you as much as she wants because asset transfers between spouses are invisible/tax exempt.

To transfer a share you need to fill out a CREST transfer form. Start here:
http://www.halifax.co.uk/filestore/hsdl_crest_transfer.pdf

(it's a Halifax link but that doesn't matter)

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So what is the position with regard to capital gains (or losses) when the shares are eventually sold?

KenC_3

CGT will be levied against the seller as if he had owned the shares from the original acquisition date at the original cost.