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Gifting of Investments
TBC15
Posts: 1,525 Forumite
My wife and I are both with II is there any way of gifting investments between each other. The investments would be UT/OEICs
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I can think of a long winded way of doing it but as they are UT's and there's (I think) no dealing charge for those why not just sell and pass over the money and rebuy?
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Ask II for a form to transfer / re-register the holdings.1
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AnotherJoe said:I can think of a long winded way of doing it but as they are UT's and there's (I think) no dealing charge for those why not just sell and pass over the money and rebuy?
The idea is to shift the CGT liability.
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OK, so, woudl this work.Open a joint account.Transfer the shares into that.Remove the person who you dont wish to own the shares.0
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Yes there is. The platform will have the forms for this. Transferring UT/OEICs to spouse to utilise their CGT allowance is common enough for the platform service line to know what you want and need to do.TBC15 said:My wife and I are both with II is there any way of gifting investments between each other. The investments would be UT/OEICs
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1 -
AnotherJoe said:OK, so, woudl this work.Open a joint account.Transfer the shares into that.Remove the person who you dont wish to own the shares.
Sounds like I just added another £9.99 a month to our costs. The fill a form in option is looking favorite.
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