Have Tax Questions? Ask a Tax Expert for Answers ASAP
What is the reason for doing this?
Is there any possibility that you are going to be chased by creditors or potentially made bankrupt or is there another reason?
The full background detail be really useful please. Thank you
Thanks. It was in UK law. CGT isnt my area. I will opt out and transfer to UK tax
I am Sam and I am one of the UK tax experts here on Just Answer.
Its fine for you to make this transfer, which in itself will not give rise to a capital gain arising (as there is deemd to be no loss and gain between husband and wife) but so that HMRC accept this transfer without taking issue with it (as it will allow you to benefit from 2 x capital gain exemption allowances) then transfer before 05/04/2018 and sell after 06/04/2018 so both transactions occur in separate tax years
Let me know if I can assist further
I have no idea what you are asking .... but as this is a new question this needs to be treated as such by posting anew question as per Just Answer ruled, as I have fully answered your original question so I have sent you an request fro additional Q & A time