• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Husband and wife company question

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #11
    Originally posted by Bluebird View Post
    I've got a load of shares in BT - doesn't mean I do any work for them.
    The shares reflect my investment in monitary value in that company, if your co started with £100, and £50 came from the Mrs then she has a 50% share holding.
    The difference is that the BT share acquisition was a commercial arm's length transaction whereas you wouldn't have let anyone other than your wife acquire the shares in your company for £50.

    Shouldn't make any difference this tax year but it probably will when the new income shifting legislation is introduced next tax year.

    Comment


      #12
      ok i think it's time to bite the bullet and set up an income shifting arrangement. can anyone point me to any advice for what i need to do in order to give (or sell?) some MyCo shares to my wife?

      cheers.....
      Originally posted by BolshieBastard
      You're fulfilling a business role not partaking in a rock and roll concert.

      Comment

      Working...
      X