Transfer of shares and CGT

A

abc_xyz

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I want to try make use of my partner's CGT allowance though we are currently not married. If I transfer 3K worth of shares to them am I correct in thinking the only tax liable is CGT when they sell the shares? And it's based on the profit I would have made if I sold them at the point they sold them?
 
No. Because you're not married, the making of the gift is the same as you selling them from CGT perspective.
 
Okay thanks. Was afraid of that.

How does it work when we are married then? Is there a way to make use of the second spouse's allowance when the shares are held only in the first spouse's name?
 
Yes, once married (or in civil partnership) you can transfer to spouse. There is no CGT or stamp duty in transfer between spouses. they can then sell, but use the original acquisition cost incurred by you. So they can use limit that way.
In practice I'm not sure how easy it is to get your broker to do name switches.
 
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