Your long-term plan is for your children to take over the family company but they are far too young at the moment. Nevertheless, is it worth giving them shares in the business now as a tax-saving
measure?
Published 02.10.2019
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
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
A recent case involved a couple that set up a scheme to shift income to their children. The Special Commissioner’s decision raised some interesting tax planning points. What’s the full story?
Published 09.04.2009
Where you give shares in your company to your kids, the Taxman will do everything in his power to stop this from giving you a tax advantage. But if you’re prepared to wait you can still get one. How
does this work?
Published 24.02.2012
HMRC has issued new guidance to companies where they purchase their own shares. It includes useful tax-saving advice for married couples who both own shares in the same company. What’s the full
story?
Published 09.09.2014
Yet another TV celebrity is being criticised for using a tax-saving scheme. What’s involved, is it legitimate and might it be something worth considering?
Published 30.04.2015
The holy grail of tax planning for owner-managed businesses is to keep tax low during the trading years, and when the time comes get your money out as efficiently as possible. Here’s one idea that
might work for you.
Published 15.10.2009
Your company’s financial year is ending soon and projections point to a reasonable profit. If you draw this as a dividend, you’ll pay higher rate tax, whereas your spouse would only pay at the basic
rate. Can you simply shift the income to them?
Published 26.11.2010
You’re aware that sharing your company’s income with your spouse can save tax but aren’t sure how to do this in practice for the maximum tax advantage. What tips or traps should you be aware of?
Published 07.04.2022