Spouse transfers
You'll learn how spouse transfers work for capital gains tax purposes and why they're treated as tax-neutral events. This lesson covers the no gain, no loss basis that applies when married couples or civil partners living together transfer assets, how the transferee inherits the original acquisition cost, and the time
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In this lesson
- 0:00 Spouse transfers and no gain no loss basis
- 0:14 How the no gain no loss rule works
- 0:36 Transferee takes over acquisition cost
- 0:53 No gain no loss timing and separation rules
About this lesson
limits that apply even after separation. Understanding this is essential for TX and ATX papers, as it affects how couples can reorganise their assets without triggering unexpected tax bills.
Duration: 2m
Transcript
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