Sending Money to Spouse Overseas - Tax liability

[anandma]

hi all

I am a UK resident and working in UK. My wife lives in india and indian citizen. I wanted to know, If I send money from UK to wife's indian bank account in india.
Later if she invests that money on her name e.g. shares or mutual fund , do I need to show any capital gain arises out of that in my UK tax return?

As per my understanding, as money is no longer belongs to me, I don't think I can show that capital gain on my name here in uk? but experts can provide their opinion.

I have browsed through gov.uk and didn't find any clarification. It looks like cash Gift to spouse is not taxable in the UK. But don't know if that is applicable to me.

awaiting reply from experts.

anand

[pawncob]

No liability arises on gifts to spouses (here or in India).