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
A few years ago the Taxman got hammered by the court in the Arctic Systems income shifting case; recently he tried his luck again. He lost but it was a close call. What tax planning tips can be
gained from this latest case?
Published 29.09.2010
The tax general anti-abuse rule (GAAR) became law this summer, and there have been rumblings that HMRC will use this to attack income shifting between spouses. Should you be concerned about this?
Published 13.11.2013
Special rules apply to income received from assets which are jointly owned by married couples. They allow you to vary the share of income on which you each pay tax. How can you use these rules to
create tax savings?
Published 25.10.2016
School fees are expensive, especially when you have to pay for them out of your taxed income. But if you can involve your family in some tax planning, is there a way to extract tax-free money from
your company to pay the fees?
Published 03.02.2011
If you share a company with your partner but don’t need to take a dividend does this mean they can take out your share of the profit instead? Or will this create problems with the Taxman?
Published 13.09.2007
You’re about to form a new company of which you’ll be the main income generator. To save tax your spouse will own shares in the company. Should you subscribe for shares and give some to them, or
should you both subscribe?
Published 08.07.2019
The Taxman’s case against a husband and wife company reached the Court of Appeal at the end of last year. What’s your position now?
Published 19.01.2006
The result of the latest appeal in the Arctic Systems case is not likely to be known before 2006. So in the meantime what should you do about husband-and-wife companies?
Published 13.10.2005
Dividend waivers can be used to alter the mix of how your company pays its shareholders, but in recent times they have fallen out of favour. Why and are they still safe to use?
Published 05.06.2015