Does any one know how to 'gift' AIM shares to someone in the USA ?

[TorquayFan]

Resident in Thailand, I am trying to 'gift' some shares from my account in the UK to my Son who lives in Florida and has a US passport. The shares are held in a Company on the UK 'AIM' market. The amount is less than US $ 10 K. Is there an easy way do this? He wants to avoid tax/laundering issues.

 

I just wondered if anyone had any relevant experience. Thanks.

[Artben]

Sell them and send him the money.  

[WildBillHiccup]

Try asking here:

https://www.lse.co.uk/share-chat.asp

[TorquayFan]

Thanks Guys - re. the cash option, I'd have to sell first and a possibility is that when the cash arrives US, he can't buy them at the same price. But yes. Re. LSE - thanks. I'm on it.

 

Any other inspirations welcome. ATB

[taxout]

Remember that if you give him the shares, then when he sells the shares down the road he'll owe US capital gains tax based on what you originally paid for the shares, not their value at the time of gift.