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
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
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
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
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
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
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
Your company needs extra working capital. Your other half has suggested that as her savings earn interest at a paltry rate she can lend the money for a reasonable rate of interest. How can you
structure the deal for maximum tax efficiency?
Published 12.05.2014
You can still legitimately shift income from one spouse to another in order to gain a tax advantage. But how much can you actually save by doing this?
Published 22.05.2008
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