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Any gain or loss resulting from transfer of asset/property between spouses is tax neutral. It is not chargeable to tax at the point of transfer. You would effective transfer ownership at cost.
Your wife would be chargeable to any gain on subsequent sale of that property and the gain would be the difference between the original cost and net sale proceeds.
There are no tax implications other than ones highlighted in my response.
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She would pay tax on gain from subsequent sale.
No tax on acquisition of property.