Can share/fund ownership be transferred 'in-specie'

shinytop · 12 February 2021 at 3:33PM

I know it's possible to move brokers/platforms without selling and repurchasing. Is it possible to transfer ownership the same way? My question relates specifically to an inheritance situation but I'm interested in the answer more generally too. And no, it's not to try and avoid paying CGT or IHT.

thanks

maxsteam · 12 February 2021 at 4:49PM

Yes, it can be done. If the estate is being managed by a solicitor then it's possible that their costs together with the brokers' costs will make it more expensive than selling, distributing cash then reinvesting. You are correct in thinking that you won't avoid any taxes.

Pangolin76 · 13 February 2021 at 9:53PM

If the shares are within an ISA then unless its being transferred to the spouse you'll have to sell as ISAs can't be transferred to anyone other than a spouse through inheritance. Just had to do this with my brothers stocks and shares ISA as he was unmarried.