Any Tax Dodgers on here

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Mutzo Nutzo

Mutzo Nutzo

Player Valuation: £70m
Anyone on here got any experience in off-setting CGT on selling shares?

Basically I have a share-save scheme that reaches maturity on 1st June, and I will be converting it onto US stock. I then need a way of getting my hands on the readies with minimal CGT liability. One way I can do this is by gifting a number of my US shares to my wife, who doesn't work (slacker) and she will then only be liable for CGT at the basic rate.

In order to do this I would need a brokerage company in the UK who can set-up a share account for my missus and accept the US shares and handle the effective transfer and subsequent sale of the US stock - does anyone know of a company who could do this?

Also has anyone got any experience of doing this and could offer advice on "tax avoidance" All above board like and using well known loopholes - no Biffs transporting readies around tucked into their Bills please.
 

Mutzo Nutzo said:
Anyone on here got any experience in off-setting CGT on selling shares?

Basically I have a share-save scheme that reaches maturity on 1st June, and I will be converting it onto US stock. I then need a way of getting my hands on the readies with minimal CGT liability. One way I can do this is by gifting a number of my US shares to my wife, who doesn't work (slacker) and she will then only be liable for CGT at the basic rate.

In order to do this I would need a brokerage company in the UK who can set-up a share account for my missus and accept the US shares and handle the effective transfer and subsequent sale of the US stock - does anyone know of a company who could do this?

Also has anyone got any experience of doing this and could offer advice on "tax avoidance" All above board like and using well known loopholes - no Biffs transporting readies around tucked into their Bills please.
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Geez lad. You've both got CG allowances > 10k. If you've made more than 20k on a SAYE scheme you've done very well. Just pay the tax on the rest of the gains and be thankful that you've made more profit in the 3 or 5 years the scheme's been running than some people earn in a year through work.

If you really can't face paying CGT then either keep some of the shares into the next tax year or crystallise losses on any other investments you might have.
 
Woolly Blue said:
Geez lad. You've both got CG allowances > 10k. If you've made more than 20k on a SAYE scheme you've done very well. Just pay the tax on the rest of the gains and be thankful that you've made more profit in the 3 or 5 years the scheme's been running than some people earn in a year through work.

If you really can't face paying CGT then either keep some of the shares into the next tax year or crystallise losses on any other investments you might have.
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Tnx - Do you know of any UK brokers who will handle the transfer of US stock into a UK share account?
 

chicoazul said:
Because if you do trust her, there's no reason in the world you can't keep every scent of that money.
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Aye lad - but HMRC will take a big wad off me...I could do what wooly blue says and hold onto the stock and sell a bit every new Tax year, but that brings into play the danger of the stock price falling. Gotta get my hands on the readies now!
 

If you want to keep that money, all of it, just give to your wife. See, the IRS allows you a one time only gift to your spouse. It's good up to sixty thousand dollars.
 

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