If I sell the shares, that would result in a capital gains. I’m looking for a way to transfer it directly to my spouse’s FT account since that would not result in any capital gains (Source: Capital Gains Tax: Gifts to your spouse or charity - GOV.UK)
For e.g. HMRC provides a stock transfer form - Completing a stock transfer form - GOV.UK. However I’m looking for a way to do such a transfer for the shares in my FT account.
You are correct, you can transfer shares to a spouse and not pay CGT.
However, as technically FT hold the shares and you don’t - you would need to contact them and ask if they can facilitate this. I am not sure if they do or not - it may be in their T&C’s.
If you held the shares directly you could simply fill out a stock transfer form and transfer them - but that’s not how it works with nominee structures.
Has anoyone managed to do this ? … or is it still stuck as a feature request (as linked earlier in this thread?) … if gifting shares is not possible (from another company), I will close the account, and have to go elsewhere.