Giving shares instead of cash to negate IHT

planforfuture

Please advise.

I have US shares kept in a US trading bank and am thinking of transferring a small number of shares to my adult son to keep for at least 7 years in order to negate IHT. Is this also considered by the HMRC as cash giving or it has to be cash?

He will need to open a GIA account here in the UK like Trading 212 in order to initiate the transfer if it's allowed.

TheSpectator

You may trigger Capital Gains tax if they have increased in value.

planforfuture

TheSpectator said:

You may trigger Capital Gains tax if they have increased in value.

Yes I understand the CGT bit so it is acceptable to give away shares (as alternative to cash) for IHT reduction purpose?

Keep_pedalling

It does not matter if you gift cash, shares, a herd of cows or any asset you own. The only thing to avoid is giving your home away as you would be maintaining a beneficial interest in that.