Single earner family, capital gains transfer?

Supercell

I am the sole income earner in our household. My wife and I are taxed together so i get some of her allowance as a PAYE worker.

My questions relates to capital gains (on share trading). From here- http://www.citizensinformation.ie/en/money_and_tax/tax/capital_taxes/capital_gains_tax.html#l5e53c it states

The first €1,270 of taxable gains in a tax year are exempt from CGT. If you are married or in a civil partnership, this exemption is available to each spouse or civil partner but is not transferable

So it looks like, unlike PAYE, the €1270 gains allowance is exclusive to me, even though we are dual assessed. Is that correct? The implication being from a taxation perspective it would be more efficient to open a second stock trading account for my wife as well to double the gains allowance, is that correct?

Many thanks.

HcksawJimDuggan

Yes, the annual CGT exemption is non transferable between spouses. In order for your wife to claim this exemption, she would need to realise a gain on shares sold that were registered in her name.

Supercell

Many thanks.