Transfer to spouse

If I transfer an asset to my spouse or civil partner do I have to pay CGT?

No, when the asset is transferred it is treated as if no gain/no loss occurred on the transfer.

The benefiting spouse or civil partner inherits the base cost and period of ownership from the spouse or civil partner making the disposal.

In the event that the benefiting spouse or civil partner subsequently disposes of the asset the original base cost and period of ownership is used to calculate any gain arising.

Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie