Husband not liable for tax on his wife’s private dividend
Jones v. Garnett (Inspector of Taxes)
House of Lords
“A spouse who used a private company to transfer some of his earned income to the other spouse was not liable to pay tax on that income, provided the other spouse’s shares in the company were ordinary shares which carried a right to more than mere income.”
The Times, 9th August 2007
Source: www.timesonline.co.uk
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