Hi all,
My spouse has approximately 10k in shares that we will be looking to sell. Capital Gain is approximately 5k.
I think that a spouse can pass assets to the other spouse without triggering any tax liability - is that true or does the passing of the shares crystallise the capital gain?
Thanks
Cormacol
My spouse has approximately 10k in shares that we will be looking to sell. Capital Gain is approximately 5k.
I think that a spouse can pass assets to the other spouse without triggering any tax liability - is that true or does the passing of the shares crystallise the capital gain?
Thanks
Cormacol