Couple joint tax sell shares in single name

W

Whacko

Registered User
Messages
12
This may seem like a strange question, but here goes anyway.

Can a husband who sells shares held in his sole name claim both his own and his wife’s annual CGT allowances if they are taxed on a joint basis?
 
As far as I know a person can transfer ownership of shares to a spouse without tax or other cost implications so this might help.
 
Another query in relation to annual CGT allowance. If you incur a loss on disposal of an asset can the CGT allowance for that year be included when carrying the loss forward to the next tax year.
 
Whacko said:
Another query in relation to annual CGT allowance. If you incur a loss on disposal of an asset can the CGT allowance for that year be included when carrying the loss forward to the next tax year.
Click to expand...
No, the loss comes off any gain and then the annual allowance. In order to fully utilise the loss your gain will need to exceed the amount of your loss and the annual allowance of €1,270
 
You must log in or register to reply here.
Back
Top