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
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
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 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
The House of Lords has finally handed down its decision in the Taxman’s case against a husband and wife company. What’s your position now?
Published 13.09.2007
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
To a degree tax rules allow you and your spouse or civil partner to decide the most tax-efficient way to split your joint income. But could doing so work against you when you sell the asset and make
a capital gain?
Published 16.12.2021
Did your spouse receive a dividend from your company during the tax year 2005/6? If so, do you need to refer to it on your tax return?
Published 07.12.2006
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
The rules for sharing income from your company with your spouse or civil partner are well known. But, if you’re not legally joined, is there a tax-efficient way to share your income?
Published 06.07.2022