Comment on Now gift stocks and ETFs to your friends and loved ones

Mitesh Agarwal commented on 14 Jun 2021, 09:38 PM

Gifting stock means receiver get stock at sender buy price and sender do not get any profit to pay Capital Gain. But with Zerodah platform, receiver will get gifted stock at last closing price and profit realised by sender. How is it different than sender selling and receiver buying the same stock at market price?
Also, does it not violate that the sender statement will show profit of those stock and become liable to pay capital gain taxes?
Please explain Zerodah team and others to be careful using this feature.

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