The Business Exchange Swindon & Wiltshire August 2014 Edition | Page 8

FINANCE

Hear It From The Experts…
Capital Gains Tax (CGT) Explained Marriage and Divorce
CGT & Married Couples/
Civil Partners
When a person gives/sells shares,
investment properties etc. to a spouse,
the transfer is deemed to be at a no gain/
no loss value – so no CGT to pay. By
transferring a half share of an investment
property to your spouse prior to selling it,
you can double the tax-free Capital Gain
(annual exemption of £10,900). Also, if
you pay !