Personal Tax - Capital Gains (Connected persons)

Hi

Please can someone confirm my understanding of the following is correct:

1. If an asset is given between spouses, then there will be no rise to gains or losses. However, if the second spouse sold the item at a later date, then the gain would be presumed to be purchased at market cost less indexation/taper relif.

2. Disposals between connected person are deemed for market value and any losses can only be offset against losses to the same connected person.

Thank you very much. I hate TAX!!!!!