Afternoon,
I am seeking clarification on the process of transferring ownership of gold and silver holdings from one individual to another (divorce settlement). Specifically, I would like to understand:
Whether Capital Gains Tax (CGT) applies to the transfer when the assets are not being sold but have increase in value.
Upon eventual sale of the assets, whether the CGT and discount applies on anything above the original purchase price or if it is calculated differently since the assets were not originally purchased in my name.
Any information or guidance you can provide on this matter would be greatly appreciated.
Thanks
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224 views2 replies
2 replies
224 views
2 replies