Article Database - Topic: 'Married couples and civil partners' - Keyword: 'Income splitting'

 
Can property income sharing reduce your tax bill Publication date: 13.06.2019
Article database » Property » Joint ownership
As a higher rate taxpayer you lose 40% of the profit you make from letting a property in tax. To save tax can you draw up an agreement to transfer the income to your unmarried partner who pays tax at the basic rate?
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Deadlines for joint income elections Publication date: 18.04.2018
Article database » Property » Joint ownership
If you own assets jointly with your spouse you can to some degree choose which of you should be taxed on any income they produce. However, there’s a strict deadline for notifying HMRC. What should you do if you miss it?
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