new capital gains tax rate @ 18%

new capital gains tax rate @ 18%

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I have a client who has held a number of assets for many years.

My query is:

1) my client would like to dispose of these assets in this tax year to his wife. this would be a transfer of an asset between husband and wife. the consideration would be the cost of the asset plus subsequent allowable cost plus indexation allowance/ taper relief.
2)my client's wife would then like to dispose of these assets back to her husband in the new tax year
3)in effect this means my client would have crystallised the indexation relief while it is available without having to sell the asset by transferring the assets to his wife.

can anyone recommend any useful links/ suggest if the above sound correct?

lau savage

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By User deleted
08th Mar 2008 09:25

Take 3
Enter take 3 in the search box on this page and then follow the HMRC FAQ link

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