Transfers between spouses or civil partners who are living together are generally treated on a no-gain/no-loss basis. The recipient normally inherits an adjusted allowable cost; the transfer is not simply a new purchase at market value.
Records the recipient needs
Keep the transfer date, quantity, security identifier, the transferor’s relevant pooled cost and any transaction evidence. A later disposal by the recipient can depend on that inherited cost and on their own same-day or 30-day acquisitions.
Calculator treatment
FiscalFox supports spouse-transfer records where the required cost information is supplied, but it cannot infer private facts such as marital status, living-together conditions or the transferor’s complete pool. Review the resulting pool before filing.
Planning is not just arithmetic
The no-gain/no-loss rule and the recipient’s later tax position are separate questions. Do not create a transfer solely from a calculator estimate without checking legal ownership and current HMRC conditions. Continue with the Section 104 pool guide.