Transferring shares

[The Sultan]

Got some shares thru work, their in my name, the have appreciated a fait bit and looking to offload them, is there a way i can put them in my wifes name in order to save tax, as she doesnt work.

 

[DrParrot]

unfortunately putting them in your wifes name will trigger capital gains tax.... any change of ownership.

As she is a related party even if she gives you no money for them they are deemed to be sold for their value.The way around this would have been transferring them to your wife when you first got them (i know too late now!).

on the plus side though only 50% of the profit made gets included in your income (assuming you have held the shares longer then 12 months)

 

[The Sultan]

Got them for nothing, employee share bonus thing, and yes had them longer than 12 mths

 

[KENT2008]

how much do people get taxed on their shares if they only own them for say a few months? and they make profit?

 

[Mint Condition]

how much do people get taxed on their shares if they only own them for say a few months? and they make profit?

The capital gain (minus any losses) is added to your income so depends what tax bracket you're in. However, as said above if you've owned the shares for more than a year you only get taxed on half the gain.

 

[JohnW]

sell them, and also realise any current losses. Offset the tax as much as possible.

How old are you?