I have just noticed that Interactive Investor now makes it extremely easy to make gift stock transfers between spouses. They also allow in specie gift transfer this way between others (adult child, other family member, friend) which is free of stamp duty, (but with a capital gains tax liability created.)
It is done with a simple form. You just enter the other person’s account number and postcode, choose the stocks and amounts you wish to transfer and then tick boxes below. This is really useful for re-balancing dividend tax and capital gains tax liabilities. It would be great if Trading 212 could offer the same. (In the UK it is possible for one spouse to be paying 0% or 7.5% on dividends and 10% on capital gains, while the partner is paying 38.1% and 20%.)
