It occurred to me that perhaps i could gift them the shares instead? After reading a few articles online, I have concluded, that the transfer would be at the purchase price, that i personally wouldn't incur CGT, but they would upon sale on the gain above my initial but price. Is this correct?!
If my thinking is correct, then they could utilise their own ISA/CGT allowances which would seem more efficient tax planning. It also reduces the value of my estate for IHT palnning.
I only have one investment in a listed company whilst the rest is in index funds/trackers. I think how it works is that i would need to contact the single company registrar and start a transfer process - though the holding is not in certificate form. So how does it work for an index tracker/fund?
Or can I not gift shares to relatives without paying CGT on the share transfer? Or is it a case of I just have to sell, pay any CGT, and then transfer under the 7 year rule?
![Confused :?](./images/smilies/icon_e_confused.gif)