Shares in sole name treated as joint for CGT?

Credit-Crunched

IanManc wrote: »

The gov.uk website says:

You don’t pay Capital Gains Tax on assets you give or sell to your husband, wife or civil partner, unless:
you separated and didn’t live together at all in that tax year
you gave them goods for their business to sell on
The tax year is from 6 April to 5 April the following year.
If they later sell the asset
Your spouse or civil partner may have to pay tax on any gain if they later dispose of the asset.
Their gain or loss will be calculated from when you or they first owned it.
If this was before April 1982, your spouse or civil partner should work out their gain using the market value on 31 March 1982 instead.
They should keep a record of what you paid for the asset.

Sorry, lazy typing. My point, although not very clear, was even if transferred to your wife, on disposal would trigger a chargeable event. The plus side, is you have two peoples annual exempt amounts to utilise, which may assist in your disposal planning.