I don't believe that capital gains/losses can be transferred between individuals - even spouses/civil partners. This comment also seems to rule out what you are talking about:Can a CGT loss incurred by one spouse on an asset be offset by a CGT gain by the other spouse on a different asset?
The second spouse acquires the property at the value and date of acquisition of the first.
Thanks for the answer, however I may not have been clear ...
Can a CGT loss incurred by one spouse on an asset be offset by a CGT gain by the other spouse on a different asset?
If a spouse "transfers" a property (in their name) that has fallen in value since it was purchased - to the other spouse, can a capital loss be carried over and used by the other spouse
Thanks for the answer, however I may not have been clear ...
Can a CGT loss incurred by one spouse on an asset be offset by a CGT gain by the other spouse on a different asset?
Apologies for my misleading reply above so!there is specific provision for the transfer of a CGT loss made by one spouse, to be relieved against the CGT gains of the other spouse (Section 1028(3) TCA 1997).