IR comes out fighting on settlements

Tax column The Inland Revenue’s new gloss on the long-standing settlements legislation ‘husband and wife tax’

Assume you are in business, operating through a company. You marry and give half your shares in the company to your spouse, who is working as the Company Secretary. Your spouse receives a small salary and any dividends are divided equally between you. Would you expect the Revenue to seek to reallocate the income arising on the dividends received by your spouse so that...

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