Hi team,
I'm looking to take out a margin loan to invest in shares. As part of the process I need to transfer the existing shares I have (which I will use as collateral for the margin loan), from my current HIN to a HIN sponsored by the margin loan company.
My question is, will transferring my shares from my existing HIN to the new HIN trigger a CGT event?
Thanks!
Hi @Cameron3
It depends on how the process will work.
If you have to sell the shares with your current company and then re-purchase them with the new company, then yes. This is a disposal and is a CGT event.
If you don't sell the shares, and instead they are transferred across with you remaining as the beneficiary, such as an in-specie transfer, there will be no CGT event.
You can read about CGT events on our website.
Hi @Cameron3
It depends on how the process will work.
If you have to sell the shares with your current company and then re-purchase them with the new company, then yes. This is a disposal and is a CGT event.
If you don't sell the shares, and instead they are transferred across with you remaining as the beneficiary, such as an in-specie transfer, there will be no CGT event.
You can read about CGT events on our website.
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