I'm familiar with HMRC's share identification rules, and how they affect the sale of shares. If I sell some shares, any shares of the same class I acquire in the following 30 days would impact the cost of that disposal.
Do the same rules apply when the disposal is not a sale, but a 'no gain, no loss' gift of shares to a spouse?
For example: Consider a husband giving 10 shares to his wife. His existing Section 104 holding for that share class contains 10 shares, purchased at £100 each. The base cost of the gift would be £1000. If a few days later the husband buys a further 2 shares at £200 each, does the base cost of the earlier gift increase to £1200? (8 × £100 + 2 × £200).
An answer (https://community.hmrc.gov.uk/customerforums/sa/d67e6590-8e94-eb11-89ee-00155d3bc882) on the HMRC Community Forums suggests that this subsequent acquisition doesn't alter the wife's base cost, but does alter the huband's base cost when calculating the capital gains. This feels counterintuitive to me, since a loss will arise for the husband - on what is supposedly a 'no gain, no loss' transaction.
Thanks for any advice!
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