US EditionIncome splitting - tackling the practical issue
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Income splitting - tackling the practical issue
You recently started a new business which you run through a company. You’ve been told that you can reduce your tax and NI bill if you issue your spouse with shares in the company. Assuming that’s correct, what are the practicalities involved? Tax and NI savings Sharing business profits between spouses or civil partners is a tried and trusted method of minimising tax when income is taken, but it’s not guaranteed in all circumstances. For example,…
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