Transferring Assets (funds) to spouse

tigerspill

I wish to even out our Capital Gains liabilities between my wife and myself.
I believe that transferring funds between spouses can be done without incurring CGT.
How do I go about this (we both have iWeb GIA accounts and wish to transfer between these).
I assume that we can't just sell from one account and rebuy in the other as the sale would attract CGT - but that there must be some mechanism to do this?
Any help appreciated?

EthicsGradient

Under 'Transfers' in the list on the right hand side of the IWeb main page, there is a "Transfer shares between two IWeb Share Dealing Accounts" option.

tigerspill

EthicsGradient said:

Under 'Transfers' in the list on the right hand side of the IWeb main page, there is a "Transfer shares between two IWeb Share Dealing Accounts" option.

Thank you.  I did see this, but it assumed it was between accounts for the same person.  
I will take a look.

UncleK

When you do this transfer, it would be helpful if you let the community on here know if iWeb charge for that kind of thing? I-O (Jarvis charge £18, so would be good to have a comparison.)

tigerspill

UncleK said:

When you do this transfer, it would be helpful if you let the community on here know if iWeb charge for that kind of thing? I-O (Jarvis charge £18, so would be good to have a comparison.)

Will do.  It may be a while.  I am going to message them to ask if there are charges.

dunstonh

Make sure you obtain and retain the original book cost data.  Often when asset transfers occur, the platform will use the price at the date of transfer and need to manually re-enter the original book costs (or you need to manually do it).