Reporting of CGT inter-spouse transfers

[genou]

Has anyone gone down the route of just selling the shares yourself and somehow officially documenting that you gifted them?

I'm pretty sure the rule for gifting shares requires exactly that, gifting of shares. AIUI It is the person making the sale who realises the gain, otherwise there would be the much simpler situation of a joint spousal transferrable CGT allowance.

Paul

You can make a written declaration that you hold the shares on bare trust for your wife's benefit. And then accept your wife's instruction to sell the shares. Best done by timestamped emails, obviously prior the sale of the shares.

https://www.gov.uk/hmrc-internal-manual ... l/tsem9520

[scrumpyjack]

I'm pretty sure the rule for gifting shares requires exactly that, gifting of shares. AIUI It is the person making the sale who realises the gain, otherwise there would be the much simpler situation of a joint spousal transferrable CGT allowance.

Paul

You can make a written declaration that you hold the shares on bare trust for your wife's benefit. And then accept your wife's instruction to sell the shares. Best done by timestamped emails, obviously prior the sale of the shares.

https://www.gov.uk/hmrc-internal-manual ... l/tsem9520

You would presumably need to register that bare trust with the Trust Registration System, even though it would be short lived ?

[genou]

You can make a written declaration that you hold the shares on bare trust for your wife's benefit. And then accept your wife's instruction to sell the shares. Best done by timestamped emails, obviously prior the sale of the shares.

https://www.gov.uk/hmrc-internal-manual ... l/tsem9520

You would presumably need to register that bare trust with the Trust Registration System, even though it would be short lived ?

I think it would slip my mind, unless I was transferring income and expected the trust to endure.....