Spouse's Tax Exemption on Share sale

tiarnalamh

Registered User
Messages
19
I intend to sell some shares and use my €1270 exemption to reduce my Capital Gains Tax. Can I also claim another €1270 as my spouse's exemption, thereby getting total of €2540 exemption.
The important point is that the shares are in my name only. My spouse does not have any shares in their name.
 

paper-folder

Registered User
Messages
64
If the shares are held in joint names, can either spouse claim the €1270 exemption? And if there is sufficient gain from the sale of jointly held shares, can the total €2540 exemption be claimed? Thanks.
 

tiarnalamh

Registered User
Messages
19
is it too late for me to put the shares in our joint names now? And how do I go about doing this?
 

jpd

Registered User
Messages
2,501
Ask your broker about changing your account to a joint account - that should be sufficent
 

jpd

Registered User
Messages
2,501
Well, who is holding them? or are they paper certificates?

You will not be able to sell them, if you do not know who is holding them!
 

tiarnalamh

Registered User
Messages
19
Computershare sends me the paper documents. I have paper certificates. Do I gift them at today's price rather than €0. Otherwise when spouse sells the shares, wouldn't the entire amount of money be taxable?
 

jpd

Registered User
Messages
2,501
You gift them to your spouse - she acquires them at the same price that you did
 
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