The Taxman’s instruction manuals say he should challenge companies that pay salary to a director’s family just as a way of avoiding tax. Is there a legitimate way of paying them which can achieve the
same result?
Published 15.11.2011
Over the last few months you’ve supplemented income from your company by doing freelance work. It’s become a lucrative sideline. Naturally, there will be tax to pay but can you reduce it by splitting
income with your spouse?
Published 02.12.2020
Your spouse was made redundant with little prospect of getting a job in the near future. As a result they’re wasting their tax-free allowance and losing state pension rights. Might paying them from
your company help?
Published 17.12.2020
Your business started a year ago and is now doing well so you want to transfer shares in the company to your spouse. You’ve heard this must be done a certain way or it won’t be effective for tax.
What are the traps to look out for?
Published 10.12.2013
You want to share your company’s profit with your spouse. You’re considering issuing her with a different class of shares so you can pay dividends at different times and rates. Will HMRC challenge
this?
Published 22.12.2017
A tribunal recently ruled that the profit shifting scheme used by two married couples who were shareholders in the same company was caught by anti-avoidance rules. What went wrong and how can you
avoid the same trap?
Published 18.02.2014
In a tricky dispute between HMRC and a director, the First-tier Tribunal ruled that income due to her from her company was actually taxable on her partner. If your partner is a director of your
company, could the ruling have implications for you?
Published 01.11.2017
From April 6 2008, a new law will make it difficult to save tax by paying dividends to your spouse. What should you be doing now to get around this?
Published 31.01.2008
From April 6 2008 the new income shifting law threatens to increase tax bills for all business owners who share out their business profits. Is there anything you can do now to protect yourself and
your business from this new law?
Published 28.02.2008
The current economic downturn has resulted in falling income for your family and now your partner has been made redundant. Could you transfer some of your income to them and save some tax in the
process?
Published 29.01.2009