Capital Gains Tax Allowance Doubled for Married Couple?

[ClubMan]

Would that transfer of 50% of my shares to my wife be a deemed disposal ?

Transferring assets between spouses or civil partners

This page outlines transferring assets between spouses or civil partners

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

 

[TomEdison]

Would that transfer of 50% of my shares to my wife be a deemed disposal ?

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.

 

[jpd]

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

 

[misemoi]

This situation always arises when employees purchase shares through an ESPS…brokerage account is in a the employees name and when he sells shares in 3 years time with a nice gain, he then thinks he can use his wife’s €1270 credit to reduce his tax liability…wish it was so

Hoping to be in this lucky position. So is the best option to have my spouse set up their own account in same brokerage my employer uses, then as soon as shares are in my account transfer to them, assuming transaction costs for the transfer are less than the tax saving ? SAYE scheme and generally would intend to sell shortly after shares being purchased in my name

 

[Bluefin]

Hoping to be in this lucky position. So is the best option to have my spouse set up their own account in same brokerage my employer uses, then as soon as shares are in my account transfer to them, assuming transaction costs for the transfer are less than the tax saving ? SAYE scheme and generally would intend to sell shortly after shares being purchased in my name

This was the crowd my former company used - EquatePlus, by Computershare, is a compensation management software solution enabling businesses to manage employee plans for equity, stocks, and other share plans.

They didn’t allow partners to create an account with them - you would need to open an account with another provider (eg Davy, or any of the cheaper providers in the market) and transfer shares across.

 

[misemoi]

This was the crowd my former company used - EquatePlus, by Computershare, is a compensation management software solution enabling businesses to manage employee plans for equity, stocks, and other share plans.

They didn’t allow partners to create an account with them - you would need to open an account with another provider (eg Davy, or any of the cheaper providers in the market) and transfer shares across.

Perfect and good to know. It's a bit away but will bookmark and keep an eye out closer to the time when the shares will actually be mine to transfer!