Tax 

How can we use my husband's tax allowance?

How can we use my husband's tax allowance?

My husband and I jointly own shares together, although they are all actually in my name. I know and understand what the tax allowances are in terms of capitals gains tax (CGT) on any profit made from shares I go on to sell and the tax allowances available on dividends that I receive. My questions is, because we are married can we double up those allowances (in a similar way to how inheritance taxes allowances can be) or do we have to physically split the shares into separate names and accounts in order for us both to benefit from our tax allowances?

L Hazard

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