Thanks. I understand the general idea but, as I have had no capital gains of any sort in the intervening years, is there any way that the CGT personal allowance for those years can be used to reduce or even eliminate the tax charge this year?
If that is allowable then it will certainly have been worthwhile contacting you!
I assume my Brother would need to agree to the transfer but that should not be a problem.
Is there a Land Registry or some other form that we can use to make the transfer to my husband & myself which will satisfy the Inland Revenue?
Am I allowed to ask a supplementary question, please?
If so, it is this :- if in addition to me transferring half of my share to my husband is it allowable for us both to then sell a half of our quarter shares to my niece in 2014/15 and then sell the second half to her in 2015/16 and thereby be entitled to 4 annual allowances to set against the total capital gain?