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.
Yes, in theory. Key post here: https://www.askaboutmoney.com/threads/capital-gains-tax-on-sale-of-shares.122325/ It contains a link to the following article that explains it simply enough: https://m.independent.ie/business/personal-finance/marriage-of-minds-on-cutting-cgt-26279150.html
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.