Transferring shares to spouse

[snabzter]

In July last year I had a share save mature. I m a higher rate taxpayer and my wife doesn't work so I instructed for the majority of the shares to go to her, with me keeping some. We sold some in August ans September and used up of 2014/15 CGT allowance.

I now have a few hundred shares left in my name and my wife has a fair few thousand. We are looking at keeping them rather than selling them. However, being a higher rate taxpayer I don't want to fill in a self assessment form, if I can help it, for the additional income tax from dividends. The additional tax would be maybe £20-30 per year so it doesn't seem worth the hassle.

Is it possible to transfer my remaining shares to my wife without incurring any tax?

[snabzter]

Thanks a lot for all the replies.

I think I will probably sell them then use the money to buy more shares in my wife's name, that way using some of my CGT allowance and reducing her potential CGT in the future. They are nearly 600% up on the option price so it would be useful for me to sell then to re-purchase.

The dividends are not too bad so we would like to keep them coming in just now with a view to selling some in a few years to pay the mortgage off at the end of our current fixed rate deal.