Not a VAT question for you, hee, hee. If I transfer around 50% of my shares to my hubby (lucky chap) does he incur tax for acquiring the shares, or are they deemed as a gift? Jess.
Questions And Answers
Is there tax on acquiring shares transferred?
asked by Jessica Mason posted 2 Years ago at 13:09
1-2 of 2 Answers
Andrew Grayson answered 2 Years ago at 13:12, last modified: 2 Years ago at 14:56Hi Jess, I don't think there is any tax on the transfer of shares between spouses. Seems like good use of CGT allowances?
Andrew Diver answered 2 Years ago at 15:04, last modified: 2 Years ago at 14:56No tax. Shares transfer between spouses at a value where there is no gain / no loss for capital gains tax purposes.
And for completeness stamp duty there isn't any charge because the transfer is for nil consideration and stamp duty is largely only a tax on consideration.
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