Gifting shares - Capital Gains

BedlingtonBoy

My wife and I both own shares in Shell plc which are all in an ISA wrapper. We'd like to transfer some shares, as a gift to our son, to reduce our IHT bill.
Anyone know how the gift would be valued for Capital Gains purposes ?
Don't believe that any tax will be due from us as the shares are in an ISA, but what starting point will be used for CGT for our son - would it be the share price at transfer time (i.e. the same value as our IHT reduction), zero as they are a gift or something else?

Keep_pedalling

As they are in an ISA there is no CGT liability. Easier just to sell them and gift cash instead. Single company shares are high risk, so may not suit his needs. 

eskbanker

I'm not sure it's even possible to transfer shares out of an ISA without selling anyway, so selling them and gifting him the proceeds would seem more sensible than repurchasing to try to force him to choose the same shares?

Nomunnofun1

eskbanker said:

I'm not sure it's even possible to transfer shares out of an ISA without selling anyway, so selling them and gifting him the proceeds would seem more sensible than repurchasing to try to force him to choose the same shares?

I have to agree. Is it even possible to transfer shares held within an ISA to one’s spouse without selling? Bed and Spouse?