The text book question:
"Husband transfer his entire shares (20,000) to his wife on 05 May 2019, on that date the shares were valued £64,000.He originally bought the on 21 June 2016 for £48,000. Share are in an unquoted trading company.
Wife sold the share on 7 July 2019 for £70,000."
MY QUESTION:
I understand this in no gain/loss transfer. However, when wife sell the shares why she is not entile to investors relief?
I would thought because the shares were bought by husband more than three years ago, and are in the unquoted trading company, it should be.
Many thanks Anna
Ask the Tutor ACCA TX-UK
Individual capital gain
thank you I think you are right
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