Reply to: Marriage tax breaks

[Churchill]

How do you do that?
Sure you pay a salary + divi up to the higher rate threshold, but (assuming your Ltd is making more) how do you get the rest out of the company without having to pay higher rate marginal tax on whatever method you use to do this (such as a higher dividend)?

I'm Brian and so's my wife!

Allegedly

[vetran]

Fixing broken divorce laws would have been far more significant.

+1

make it more of a process than a war & remove the lawyers.


sharing tax allowances would encourage more stay at home mothers. I would have made it contingent on children, school age children and the main earner can use the spouses tax allowance (up to higher rate say).

If you make it just on Marriage its just going to push up house prices.

Married couples are normally cheaper for the state.

[d000hg]

Fixing broken divorce laws would have been far more significant.

You mean making it illegal?

[AtW]

Fixing broken divorce laws would have been far more significant.

[KentPhilip]

Who said anything about taking it all the money out of the company? Leave it in the business and don't pay 40% on it.

And I guess you can invest it within the company by buying shares etc.
I need to find a broker who I can do it with. Any suggestions?

[Murder1]

How do you do that?
Sure you pay a salary + divi up to the higher rate threshold, but (assuming your Ltd is making more) how do you get the rest out of the company without having to pay higher rate marginal tax on whatever method you use to do this (such as a higher dividend)?

Who said anything about taking it all the money out of the company? Leave it in the business and don't pay 40% on it.

[The Spartan]

Or sheep.

That would cover the majority of Wales then

[NotAllThere]

It's pretty out-moded anyway really, unfair to those who'd rather have relationships with dolls, bicycles and famous land-marks.

Or sheep.

[d000hg]

It's pretty out-moded anyway really, unfair to those who'd rather have relationships with dolls, bicycles and famous land-marks.

[NotAllThere]

Labour are against marriage because it is institutionalised heterosexism and enslaves women. (That's what they told me at university back in the late 80s).

[TheFaQQer]

Labour are against it, and the Lib Dems are free to vote against it if they want to.

So what are the chances of this actually getting through parliament?

A cynic would suggest that by introducing it in the autumn, the next year in the run-up to the election can then be filled with the Tories saying "we tried to make it fairer, and everyone voted against it" and "we support marriage, but because they voted against this headline grabbing meaningless gesture, the Lib Dems and Labour are (by implication) against marriage".

[NotAllThere]

How do you do that?
Sure you pay a salary + divi up to the higher rate threshold, but (assuming your Ltd is making more) how do you get the rest out of the company without having to pay higher rate marginal tax on whatever method you use to do this (such as a higher dividend)?

You leave it your company and take it out later when, e.g. you are retired.

[Old Hack]

How do you do that?
Sure you pay a salary + divi up to the higher rate threshold, but (assuming your Ltd is making more) how do you get the rest out of the company without having to pay higher rate marginal tax on whatever method you use to do this (such as a higher dividend)?

By having more than one shareholder, and a good idea of what to expense, and what not to...

[NotAllThere]

Single parents already have this tax break. They can freely move their tax allowance from themselves to themselves - even if they're higher rate tax payers. Just like single adults without children.

If you an unmarried couple with kids - that's by choice. It's a free country - you can freely choose to get married and get this break. It would only be unfair if you weren't allowed to get married. What do you want, ffs - all the rights and privileges of getting married, without actually going through the process? How's that going to work?

[d000hg]

However its the principal of it really, either make it available to all families (married and single parent families) or not.

Then it would be a family/child tax break, not a marriage tax break.

Single parent families not always chose to be single parent

Only about 99% of the time. However this has nothing to do with whether you have children so why are you banging on about single parent families?