I was wondering if someone more knowledgeable than myself could help me. I I have some company shares and want to sell them, i was hoping to transfer some to my wife to use her capital gains tax allowance too. Does anyone know if I have to physically sign them over to her? Or can I just pay the money into her account?
The amounts will be below the threshold for paying cgt. Will I still have to declare to HMRC?
Yes you have to physically sign them over to her, but it's very easy and gifts (ie consideration money £NIL on the form) between family members are quite common for the reasons you have worked out, as paper share transactions of value over £1000 attract stamp duty payable to HMRC by post.