Postby someone » Wed Apr 26, 2017 3:07 pm
Not sure I understand your numbers.
Your gift to your wife would be at no loss, no gain. Or did you do the gift and then get married (so you paid capital gains tax on the gift on your wife to be?)
Assuming you were married at the time of the initial gift to your wife you are each gifting a share worth 100K that was "bought" for 53.5K. So each of you has a gain of 46.5K
I don't know the CGT rates - 18% and 28% I think but I'm not sure and can't be arsed to google it but I think roughly 7K tax by your wife and 10.5K tax by you. (Wait for others to comment as I might have got that completely wrong)
You could each give your son a quarter of your respective shares each year for four years and use up your CGT allowance over four years and pay no CGT tax (I think)