I'm about to receive around £150,000 from my late mother's estate which my wife and I intend to use in buying a better property. As we cannot buy this new property until my wife's flat has been sold I wish to invest the money.
I intend to invest £20,000 in my stocks and shares ISA for the tax years 17/18 and 18/19 thus gaining the CGT and dividend income benefits.
To my question. Can I give (gift) my wife £20,000 for the tax years 17/18 and 18/19 so she too can gain the above benefits without the initial £20,000's being treated by hmrc as part of her yearly income and therefore taxable?
many thanks.
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