I have an approved share option plan (liable for CGT but not NI/IT). I have 8500 GCT allowance, as does my wife (who doesn't work).
I would like to exercise my share options and sell them the same day. My main concern is the transfer to my wife. How can I convince the Inland Revenue that I am transferring to my wife? Our bank accounts are all in our joint names.
Thanks
============= I think you are operating under a misaprehension that its at the point of selling the shares you are liable for CGT. AFAIK, usually if you exercise the options you are liable for the CGT on the profit you made between the option price and the actual price at the time you execised the option. Whether you later sell is irrelevant. eg if your option price is say 1, and the shares are worth 10, you now owe 9xno of shares. If 1 second later you sell the shares at 10 each, there is no CGT to pay, because you already paid CGT at a price of 10, and that is now your price for any later sale. So if they were say 25 a year later, CGT would be 15.