Transferring US shares to spouse to avail of CGT allowance

Discussion in 'Tax' started by Cicobr, 7 Feb 2019.

  1. Cicobr

    Cicobr Registered User

    Posts:
    10
    I have US shares all in my name for which I have paid all relevant PAYE etc when I received them from a US multinational.
    Each year I use my €1270 allowance by selling a portion of my holding to make a gain.
    I would like to transfer 50% of them to my spouse and hopefully use her €1270 allowance.
    Does there need to be some kind of official legal transfer to do this ...has anyone ever done this as I found it difficult to find out anything on the internet about it.
    And am I correct is saying that when I figure out how to do the transfer that I will be able to use two 1270 gains per annum.
     
  2. RedOnion

    RedOnion Frequent Poster

    Posts:
    2,317
  3. Cicobr

    Cicobr Registered User

    Posts:
    10
    Thank you. I had seen that article and transferring Irish shares would be easy enough to do as it says.However my question is about transferring US shares and if anyone has actually done a transfer it and if they needed to do some kind of legal document to move into joint names.