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CGT Joint Assessment

todamoooon · 2021-03-05 02:50:03

Scenario - We've been married for several years, and during this time we have purchased and made some gains on shares/crypto. These have been purchased using a Trading/Exchange account in my name. We disposed of some of these assets last year (withdrawn to joint bank a/c), and have more to dispose of in the future. When…

05-03-2021 2:50am

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todamoooon

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Join Date: March 2021

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Scenario - We've been married for several years, and during this time we have purchased and made some gains on shares/crypto. These have been purchased using a Trading/Exchange account in my name. We disposed of some of these assets last year (withdrawn to joint bank a/c), and have more to dispose of in the future.

When calculating and reporting the taxes we owe from last year's disposal, is it possible for both of us to use our CGT allowances (€1270 each) against this?
Or can only I report this disposal, and must only use the individual allowance?

I understand you cannot transfer allowances, but I'm wondering under what circumstances can you be jointly assessed?
Must I officially declare (how?) that I'm transferring ownership of xyz shares/crypto to my spouse?

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