Balancing Act
Don’t overlook transferring assets to your spouse if they are lower earners. This makes use of their personal allowance (£6,475) and also capital gains allowance (£10,100). You can also make use of a spouse’s basic rate tax band at 20% on earnings up to £37,400.
You can register investments in joint or sole names and married couples and civil partners can share income 50:50 by simply registering title in joint names.
Call Mark Busby on 01344 620495 or email your Enquiry.
Important - we endeavour to keep the information on this Site and the Blog accurate and up-to-date as far as possible. However, please remember the content is intended as a helpful guide only and may be subject to change at any time. Please always seek advice from your accountant or Davis Burton Sellek before acting on any of the information provided.
