Transferring a loss to a spouse

Black_Monk

Dear All

I am about to sell a unit trust and crystalise a loss of about £4K. Is it possible to transfer this loss to my wife, who is a higher rate taxpayer, to lower her tax liability?

We are also buying a house, could this loss be offset against stamp duty?

Any anwers would be gratefully received.

Regards

BlackMonk

le_loup

No
&
No

....................

Black_Monk

Thank you for your prompt and succinct reply.

Is there anyway I can use it, say by offsetting the tax paid on share dividends, unit trusts or savings income?

BlackMonk

zygurat789

You are about rto make a capital gains tax loss, this can only be used to reduce a capital gains tax profit and will be carried forward and used against your next occurring CGT profit prior to the annual exempt amount of £10,600, so you will need to make a CGT profit of at least £14,600.

McKneff

le_loup wrote: »

No
&
No

....................

:T

:rotfl::rotfl:

very succinct.

(i did post again on our previous thread by the way, hope you caught it)

le_loup

McKneff wrote: »

:T

:rotfl::rotfl:

very succinct.

(i did post again on our previous thread by the way, hope you caught it)

Oh! I think I'm being stalked. Frightening! :rotfl: