The spouse to whom the shares are transferred inherits the original acquisition price. They are not repriced to the current market value at the time of the transfer. You probably already know that the transfer is exempt from stamp duty and should be possible to transact at zero cost by going through the relevant company's registrar to get a stock transfer form. In some cases they may charge a small administration fee but Computershare never charged this when I transferred First Active shares to my wife just before the UB/RBOS takeover for example. It's a useful way to avail of the annual CGT allowance of the spouse who would otherwise not use this up.Scotty said:Does anyone know if, for CGT purposes, the transferee's share purchase price will be set at what I originally paid...or what the shares are worth upon transfer?
The transfer of assets between spouses living together in a year of assessment are not treated as disposals for Capital Gains Tax purposes. Instead, the spouse receiving the asset is treated as having received the asset(s) in question at the same time and for the same consideration as the transferring spouse originally acquired it.
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