Can a spouse"sign over" her CGT allowance to her husband?
2007-05-10 09:28:30 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United Kingdom
No, you can't transfer your CGT allowance to your spouse, you have to divide your assets so that you each own items up to the CGT limit. My parents have done this so that the house is on one of their names and the shares and valuables are in the other one's name.
2007-05-10 09:36:25 · answer #1 · answered by KB 5 · 0⤊ 0⤋
Yes you actually have to transfer the assets, no you cannot transfer allowances.
However since she will then immediatly sell the assets (in order to cause a Capital Gain and thus make use of her allowance), what's the problem ?
2007-05-10 21:37:30 · answer #2 · answered by Steve B 7 · 1⤊ 0⤋
No, tax allowances are personal and you cannot transfer them to any one else.
2007-05-10 10:56:39 · answer #3 · answered by Anonymous · 1⤊ 0⤋