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Lee Sharpe considers whether transfers between spouses or civil partners constitutes tax avoidance.
Tax professionals will be generally be quite familiar with the tax issues that arise from transferring assets between spouses or civil partners.
Capital gains tax
TCGA 1992, s 58 basically states that such transfers between couples who are living together shall give rise to neither a gain nor a loss.
Inheritance tax
IHTA 1984, s 18 states that transfers between spouses and civil partners are exempt for IHT purposes (with potential restrictions imposed where a spouse is not domiciled in a UK jurisdiction).
Income tax <
