Tax on Transfer of Listed Shares

This discussion clarifies the tax implications when listed shares are transferred without any payment to a non-relative. The transferor may face capital gains tax, either long-term (LTCG) at 10% or short-term (STCG) at 15%. For the transferee, if the fair market value of the shares exceeds £50,000, it could be taxed as a gift under Section 56(2)(x), with an initial exemption up to £100,000 for LTCG and STCG.