Readers' forum: No loss, no gain

My client has sold substantial investments during the year. He has also transferred some assets to his wife and given some investments to charity. He will certainly be required to complete the capital gains tax pages on the tax return.

Must the disposals to his wife and charity be reported even though no chargeable gains arise?

I can see that it would be possible to include them as ‘no loss no gain’ disposals. The box for ‘claims and elections’ would be answered ‘no’ because the treatment is automatic in both cases and the box for ‘valuations used’ would presumably be ‘yes’ because the ‘no loss no gain’ figure is not an actual transaction value. I can also see that it would be possible to omit the disposals from the disclosure because they are in effect not chargeable.

Alternatively as a middle way ...