In certain circumstances, it may be possible to offset CGT against CAT, but only where the child’s tax-free threshold has already been used up, which would be rare enough.
Thanks Serenco and Gordon Gekko I should have included that one of my children is a permanent resident of Australia (with citizenship) and another permanently resident in the UK and with the remaining child (adult) resident in Rep. Ireland. I' not talking about very large transfers of ABRN shares.
Thanks,
Patrick F