Capital Gains implications?

Tax implications of transferring shares into a trust

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My client is going through a rather acrimonious divorce.  During the marriage the husband transferred a variety of shares to the wife, total current value c.£80k.  The courts have judged that the shares were only a loan and that ownership should now be transferred back to the husband, but with the shares being held in Trust and future dividends paid to the wife until death.  At this point the shares fully revert to the husband or his estate.

The husband is attempting to vary the judgement and have the shares transferred into his control, on the understanding that future dividends will be paid directly to the wife.  I would be interested in any comments, but particularly comments related to the tax implications of placing the shares in a Trust.  (I have advised my client to seek legal advice)

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