UK & Offshore Tax Planning Blog
The main difference between married and unmarried couples for the purposes of Capital Gains Tax is that unmarried couples can't take advantage of the exemption for interspouse transfers. Married couples are free to transfer assets between themselves…
Splitting a disposal over more than 1 tax year can be very advantageous in reducing capital gains tax as this can then allow another annual exemption to be offset. If an asset is owned jointly between husband and wife this can represent almost an…
Usually where a married couple (or civil partners) own a property jointly any investment income from that property is split equally. If one spouse is a basic rate taxpayer, and the other is a higher rate taxpayer this may not be advantageous. A form…