Also check out this page, particularly example 6
TSEM4205 - Settlements legislation: settlor retains an interest - exceptions - outright gifts between spouses or civil partners
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Previously on "Share splitting"
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A quick search of the site using the search method as examined in the Welcome/FAQ should give you your answer to that.
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Share splitting
So many years ago prior to the Arctic case my company was split 50/50 with my wife. Around the time of the Arctic case my accountant recommended I return to no split as wasn't worth any risk since total extraction of money didn't quite push me into upper rate tax.
Now with the dividend tax allowance changes just around the corner I'd like to share split once again to best utilise the personal DTA, but also to extract as much prior to the changes as possible without hitting higher rate.
So long short is there still risk post-Arctic case or am I right to think that a split with spouse is now 'safe'... And therefore 50/50 split would enable me to extract the Max amount?Tags: None
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