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Ask Your Own Question, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 5113
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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I gave my wife some shares that she wishes to sell. What CGT

Customer Question

I gave my wife some shares that she wishes to sell. What CGT is liable ? is the cost price £zero or the price I paid for them originally.
Submitted: 3 years ago.
Category: Tax
Expert: replied 3 years ago.
Hello and welcome to the site. Thank you for your question.

transfer of shares between spouces are tax neutral meaning when you transferred the shares to your wife they were deemed transferred at your cost price.

Her gain would be the difference between net selling price and the price you paid.
I hope this is helpful and answers your question.