income shifting law retrospective ?

[Andy2]

Does anyone know if the income shilfting law being introduced from next year will be applied retrospectively ?
I am thinking of sharing the divis with wife this year. Will Mr Darling come back to bite me in the ass ?

[gadgetman]

I hope not - I've just taken the missus on board on the strength of the delay.

[moorfield]

No - they said they wouldn't last Budget. Due to start April 2009.

[malvolio]

They can only make regulations retrospective. The Family Business Tax (emphatically not Income Shifting) is a new law, not an existing one revisited, hence no retprospection.

Of course, the plan is that it never happens at all...