Giving - Contractor UK Bulletin Board

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NotAllThere replied

1 February 2008, 17:20
The tax eligibility applies to the recipient, not the donor.
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Sockpuppet replied

1 February 2008, 15:25
No. You'll still pay tax on it.
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d000hg started a topic Giving

1 February 2008, 15:16
Giving

If I remember rightly, you can give your immediate family up to £3000 a year as a gift without it being tax-eligible (and up to £250 for anyone else).

Can I give my wife £3000 and write it off against my personal earnings for the year? Nothing to do with giving her money from the company; I'd pay myself salary/dividends as normal and then give her a gift. Would this make any difference at all to my personal tax return?
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