Capital Gains Tax Allowance Doubled for Married Couple?

banchang said:
Would that transfer of 50% of my shares to my wife be a deemed disposal ?
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Transferring assets between spouses or civil partners

This page outlines transferring assets between spouses or civil partners
www.revenue.ie www.revenue.ie
This is an old thread so double check that the information is still accurate...

Transferring shares to spouse to reduce CGT

I'm thinking of transfering ownership of some shares from my name to my partner's name, to take advantage of 2 sets of CGT allowance. Does anyone know if, for CGT purposes, the transferee's share purchase price will be set at what I originally paid...or what the shares are worth upon transfer...
www.askaboutmoney.com
This one is more recent...

Key Post - Tax and investment planning for married couples

I am surprised that there is no guide to this important issue so I will write one. I am neither married nor an expert on tax, so corrections welcome. In the interests of making the hypothetical examples easy to follow, I refer to people as Husband and Wife. The examples are true of any spouses...
www.askaboutmoney.com
 
banchang said:
Would that transfer of 50% of my shares to my wife be a deemed disposal ?
Click to expand...
No CGT on transfers between spouses. If and she disposes of the transferrred shares, your wife will be treated as having acquired the shares on the date, and at the value, at which you originally acquired them.
 
There is no such thing as "Deemed disposal" for directly held shares, only life funds and ETFs

Transfers of shares between spouses does not generate any CGT
 
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