Spouse tax allowance

gravlax

If one spouse has investments which have accumulated capital gains, to take advantage of 2 x the annual CGT allowance, is it necessary for the other spouse to open an account on a fund dealing platform, and for the spouse holding the assets to transfer over the additional funds to be sold, so the other spouse can sell them?  

If the total taxable income and capital gains income are both within the respective annual tax-free allowances, then no self assessment tax return needs to be filed, is that right?

Dazed_and_C0nfused

gravlax said:

If one spouse has investments which have accumulated capital gains, to take advantage of 2 x the annual CGT allowance, is it necessary for the other spouse to open an account on a fund dealing platform, and for the spouse holding the assets to transfer over the additional funds to be sold, so the other spouse can sell them?  

If the total taxable income and capital gains income are both within the respective annual tax-free allowances, then no self assessment tax return needs to be filed, is that right?

Not necessarily no.

Have a read of the section

If your total gains are less than the tax-free allowance

https://www.gov.uk/capital-gains-tax/work-out-need-to-pay