We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Share transfer to spouse
2chairs
Posts: 11 Forumite
in Cutting tax
HI all, I'm looking for some tax advice. I was awarded some shares by an ex-employer that are held with an overseas broker. Under the conditions of the award I'm allowed to sell them but not allowed to transfer them away from the broker. I'd like to gift some shares to my spouse so that he can sell them and use his CGT allowance. Would I have to physically transfer them (i.e. he'd have to open an account with the overseas broker - which would be painful) or can I instead write a legally binding letter gifting them to him and sell them directly from my account on his behalf? I'd like to keep this as administratively simple as possible but am concerned that there may be a requirement by HMRC for specific documentation to prove that I have gifted them to him. Any help will be gratefully received, thank you 
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards