Transfer jointly held shares to my wife

greystoke said:

My wife and I have 300 CBA shares that were purchased in both our names, i.e. we get one dividend made payable to both of us.

Are we able to transfer my half of the shares to her?

I have previously used the off market transfer process to transfer shares held in my name to my wife, just not sure how this would work for shares held in both our names.

Any suggestions most welcome

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Krusty the Klown said:

It should be the same process, same form, just 2 signatures instead of one.

This is a CGT event, so you both will be liable for CGT on any gains at your marginal rate.

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son of baglimit said:

hey krusty, you sure on this ? i thought the CGT would only be on his 'share' selling - she hasnt sold hers at all - yes theyve gone from a joint to single account, but for tax she hasnt sold anything.

thoughts ?

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