SimonJG

Hi and thank you HMRC Admin 19 for posting, unfortunately you answered a question I didn’t ask. All I am asking is how do I record the transfer so that it is official and acceptable to HMRC, or is there nothing that needs to be done other than declaring the transfer and value on my self assessment and also on her’s when she declares the capital gain? Thank you for your help.

Hi My wife owned a property in Ireland which she sold recently. She incurred a capital loss on the sale and has declared it to HMRC via a Self Assessment. My question is, if I gift my wife crypto as a no loss/no gain transaction, if she realises the crypto into cash, can she offset any capital gain from the crypto against the loss she incurred from the sale of her house in Ireland? Finally, does the realisation of the crypto need to take place in the same tax year as when she incurred the capital loss from the sale of her house in order to offset the gain? Many thanks Simon

Hi May I ask what documentation HMRC requires to support the transfer of crypto to a spouse? From another forum a declaration of trust or a deed of trust was mentioned. In summary, what legal supporting documentation do I need either before or after transferring crypto to my wife? Many thanks.

Hi I would like to transfer crypto to my wife as she has a capital loss which could be used against a crypto gain, however, I want to make sure I complete the correct and legal documentation before transferring the crypto, therefore, may I ask for; A link to the necessary form I should complete before/when transferring crypto to my wife. I have read from above about the Deed of Trust and or the Declaration of Trust, but I cannot find any such form/document/template. In conclusion, all I need is guidance on the legal documentation HMRC requires to record the transfer of crypto to a spouse. Many thanks in advance for your help.