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Transfers between husband and wife
BriNylon
Posts: 155 Forumite
in Cutting tax
Wife owns an asset in her own name. Thinking about selling the asset.
If the asset is transferred to husband she will lose the annual exemption. Both her and husband are lower rate tax payers.
Gain on asset will take her to higher rate.
How can the asset be transferred so that both husband and wife can get annual exemption when the asset is sold and also take advantage of lower rate bands.
If the asset is transferred to husband she will lose the annual exemption. Both her and husband are lower rate tax payers.
Gain on asset will take her to higher rate.
How can the asset be transferred so that both husband and wife can get annual exemption when the asset is sold and also take advantage of lower rate bands.
0
Comments
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What specific sort of asset and annual exemptions are you referring to, i.e. rules are different between, say, property and shares?0
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