Capital Gains Tax + No other income

cloud_dog

Just be aware that X-O have a £50 account closure fee (I have an account with them, very basic but functional).

Another low cost option would be iWeb. They do charge £25 to open the account (one of the very few/only who do?)

Ifts

cloud_dog wrote: »

Just be aware that X-O have a £50 account closure fee (I have an account with them, very basic but functional).

The £50 closure fee only applies to their ISA account:

x-o.co.uk/our_charges.htm

cloud_dog

Knew I should have double checked.

londoninvestor

cloud_dog wrote: »

Yes, income level is irrelevant in relation to capital gains.

Agreed insofar as income level doesn't result in you paying no CGT vs paying some CGT. It does make the difference between paying 10% vs 20% though:

https://www.gov.uk/capital-gains-tax/rates

Vortigern

aspley wrote: »

I have the physical certificate but am looking at sending it into x-o so it will be held electronically. So, I guess, she could also create an account and then we transfer from one to the other.

Split the certificate between yourself and your wife before you transfer to XO for sale. If I remember correctly XO will charge a fee to transfer shares from your nominee account to hers.

You split the certificate by sending it with a completed stock transfer form to the company registrars.

https://www.informdirect.co.uk/shares/how-to-complete-a-stock-transfer-form-in-10-steps/