C1989

Hi Admin, There is a lot of conflicting information in the forums about this matter. Some admins have mentioned that a declaration of Trust or deed of trust needs to be submitted prior to the transfer/gift of the crypto assets. Where as you haven't mentioned this at all. Is this because the value is under £50,000 in this scenario?

Adding to this thread, I was wondering if anyone had any feedback on this example. All figures are made up. 1 BTC purchased with GBP on 01/10/24 at £40,000 1 BTC sold to USDT on 01/12/24 at £43,000 equivalent price. All USDT sent to wife's wallet on 02/12/24. Would this be considered a taxable event where I'd of made a £3,000 gain and my wife's non gain/non loss price is £43,000 so long as she holds for 30 days? Or would the price pass on to my wife at £40,000 as I am gifting all the USDT to her? This scenario is to determine if it matters if the coin is sold before or after the transfer. Thanks in advance