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Tax Breaks for Directors - Part 1 Directors only - 2. The higher tax rate regime - 2.2. How to maximise tax efficiency on income? - 2.2.3. Inter-spouse share transfers
2.2.3. Inter-spouse share transfersGifts of assets between spouses/civil partners has long been an efficient way of mitigating inheritance tax and capital gains tax bills. Now, and since the landmark House of Lords decision in the Arctic Systems case, you should consider giving shares in your company to your spouse if they currently, or might in future, pay tax at lower rates than you. Where, as a result, dividends are paid to them this will lower your joint tax bill.Click here
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