Hi, I'm hoping someone can confirm my thinking here ....
My wife and I reside full time in Canada, since 2017. We have currently no relationship with HMRC, only with Canada Revenue Agency (CRA).
At some point in the next decade we will likely retire back to the UK (we're both British).
We own significant share and mutual fund assets domiciled in the UK, and when we leave Canada we will have to pay a "departure tax" to CRA based on the capital gains of our assets during our time as Canadian residents - a 'deemed disposition' even though no disposal has occurred.
At some point after our immigration to the UK I will want to gift some of my assets to my wife, in order to bring our retirement incomes in line with each other.
My question is if I make this gift, what CGT will my wife pay to HMRC when she disposes of the assets? I'm hoping the gain is based on the asset price at the time of "re-aquisition" when we immigrated into the UK.
Grateful if anyone can confirm! thanks.
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