Is it possible to sell shares and transfer to isa.

Tattie63

Thank you ever so much.
Think it’s best to transfer 50% to wife.
Its been a great help,thank you all.For information.

ColdIron

Tattie63 said:

Is it possible for myself to cash in  £3000 per year as your suggesting.

You could cash in £3,000 (600 shares at £5) but it would be a poor choice. With a gain per share of £3.08 your total gain would only be £1,848 and thereby leaving £1,152 unrealised allowance

If you sold 974 shares for £4,870 your total gain would almost completely use your allowance (the Annual Exempt Amount) and maximise it, also minimising the number of years it would take to dispose all of them

See my post:

https://forums.moneysavingexpert.com/discussion/comment/80947291/#Comment_80947291

Tattie63 said:

Is my wife entitled to the same amount or not ?
Which would myself transferring over to her name on sale ?

Yes you can transfer your shares to your spouse doubling your allowance

https://www.gov.uk/capital-gains-tax/gifts

eskbanker

ColdIron said:

Yes you can transfer your shares to your spouse doubling your allowance

https://www.gov.uk/capital-gains-tax/gifts

At the risk of being pedantic, you can transfer some of your shares (e.g. 50%) to your spouse to double your (collective) allowance - transferring them all would just give her the same problem!

Tattie63

Perfect,thanks again