I WANT TO PUT 50,000GBP in my mums banks account?

THE REASON I WANT TO DO THIS IS BECAUSE I HAVE USED UP MY 9,200 GBP CGT ( capital gain tax ) LIMIT, AND MY MUM HAS GIVEN ME PERMISSION TO OPEN A SHAREDEALING ACCOUNT ON HER BEHALF AND GIVE HER A CHEQUE FOR 50,000GBP WHICH SHE CAN PUT IN HER ACCOUNT AND THEN I CAN FUND HER SHARE DEALING ACCOUNT WITH THE 50GS.

ME AND MY MUM HAVE MADE A MUTUAL AGREEMENT THAT SHE WILL RECIEVE 2,000GBP FROM THE PROFITS I MAKE AND I WALK AWAY WITH 7,200 GBP OF PROFITS AND 50,000GBP THE INITIAL INVESTMENT

MY QUESTION IS, IS IT LEGAL FOR ME TO USE MY MUMS CGT LIMIT WITH HER PERMISSION TO MAKE MONEY FOR HER AND ME ? IT SEEMS LEGAL TO ME BUT CAN ANYBODY CONFIRM THIS OR OBJECT WITH EVIDENCE

THANX

I AM INVESTING IN SHARES BY THE WAY

How do you know that the profits from this will be 拢9,200 before you undertake the transactions? It is not your mum that is investing, it is you. The form of the transactions will be irrelevant, it will be the substance. I'm afraid that this is not worth doing for the CG exemption, just pay the right amount of tax and don't get your mother involved...

I think the best place to ask this question would be to an attornery.

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