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spouse transfers
joesan
Posts: 114 Forumite
I am planning to sell my shares inorder to borrow some money to my son, so he can buy a house. The problem is my portfolio when sold will give me capital gains of 20k, i understand my Capital gains allowance is 10,100, can i also use my personal allowance to offset?. I heard you can transfer assets to a spouse to avoid paying CGT. How do 1 transfer shares over? do i need to sell 1st?
I been searching on the internet and a "Declaration Of Trust" was mentioned but i have no idea what that is.
hope someone can help me ty
I been searching on the internet and a "Declaration Of Trust" was mentioned but i have no idea what that is.
hope someone can help me ty
Charles J
0
Comments
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you need a shock transfer form
just do an internet search and go for a free one0
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