capital gains

[macgee]

I was given some penny shares of value about £200 and I now want to give them to my son. They are now worth aboiut £25K but as I didnt pay for them and will give them as a gift and dont want any money for them, do I have to pay CGT. I used up my allowance last year..

[boxtops]

duplicate post http://www.theanswerb.../Question1017494.html

macgee, it can be confusing if you post twice, just a hint, as people may not realise that there are answers on another post with the same name.

[macgee]

Thanks boxtops I didnt realise that. I am desperate to resolve!!!