Transferring stock to a spouse
Does anyone have experience of transferring US stock to a UK brokerage account, before gifting the stock to a spouse for CGT management?
A bit of background; client is employed by Microsoft. He has c£300k of vested stock held in a US brokerage account. He's looking to sell the stock over time and wants to minimise CGT (income tax paid upfront, CGT due on any gain since vesting). Ideally, he can transfer stock --> spouse (using spousal gifting exemption) and allow her to sell the stock over several years at a lower CGT rate (she is a non-taxpayer, he is an additional rate taxpayer).