I have shares in a private limited company from startup which are now worth £20k. I understand if I gift the shares to my spouse, I do not have to pay CGT. If my spouse subsequently sells the shares for £45k, will they be subject to CGT for £25k or £45k?
If I gift the shares to a friend instead, can I claim gift relief and not pay CGT for same said shares? If my friend subsequently shares in the same way, are they subject to £45k CGT? Thanks.