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
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 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
In a recent case the First-tier Tribunal ruled on whether a partnership existed for tax purposes. How might this help you argue your case where HMRC disputes the existence of a partnership?
Published 22.01.2019
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
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
You’ve been told that you can reduce your higher rate tax bill by transferring some of the shares in your company to your partner. The transaction can be a simple gift, but is there a more tax
efficient alternative?
Published 09.07.2015
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
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
If your spouse is a company employee, the company can make pension contributions on their behalf. However, if the Taxman asks you to justify this salary plus pension combination, where do you stand?
Published 24.05.2007