but why it is avoidance? it is optimizations, isn't it? even though it is about 400 EUR, but it is still money which can be used elsewhere.Looks like you can do that. you will (potentially) gain the princely sum of around €419, but your wife owns the crypto asset.
Also, Revenue might see this as an act of tax avoidance. Your choice.
that's also my understanding. considering I submit joint assessment form, we'll need to send separate CGT 1 form from her account as well?No, they won't- you are quite entitled to transfer your assets to your wife tax-free
She will be deemed to have acquired at the same date and price that you did
1.6 is kind of stating that is done by "one person", but whom is not explicitly stated.I am not a tax expert.
Interesting. Here’s some further information, but it doesn’t go into the exemptions specifically.
Maybe revenue doesn’t really care.
my spouse is without income (we assessed under joint Form 12)
Thanks Brendan, you mean basically doing the thing I initially asked, splitting CGT?It's irrelevant that she has no income.
Income Tax and CGT are completely separate.
However, you could consider transferring assets over to her so that she does have income which I think would reduce your bill.
Brendan
Thanks Brendan, you mean basically doing the thing I initially asked, splitting CGT?
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