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Search results: 2 article(s) found in topic: Family companies - keyword: Income shifting

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PROFIT EXTRACTION

Company perks for your spouse - are they tax efficient?

A subscriber’s company provided perks to him and his spouse. The perks were declared on their respective tax returns, but HMRC argues that they are all taxable on him, which meant a bigger tax bill. Is HMRC right? More...

TAX

Can you save tax by giving shares to your children?

While there are no rules to prevent you from shifting income to your children by giving them shares in your company, HMRC can block any resulting tax advantage. Despite this is it possible to work within the rules and save tax? More...
Last updated: 14.12.2018

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