moving income

cliveb · Postby **cliveb** » Mon Aug 18, 2003 1:28 am

part of my income is taxed at 40% my wife is taxed
at basic rate and is unlikely to move to the 40%
threshold
can I re-allocate some of my earnings to my wife
to save tax?

Nigel Lord · Postby **Nigel Lord** » Mon Aug 18, 2003 2:27 am

Clive

This depends on your circumstances. If the income is from a business, property or investments, then probably. If it is from employments in businesses that you do not own, then probably not.

You will need to provide more information.

If you require any further assistance please do not hesitate to contact us, and we will be happy to act on your behalf.

Nigel Lord
Lord Associates
Taxation & Business Consultants
Caxton House
Old Station Road
Loughton
Essex, IG10 4PE
020 8418 9101 & 07769 931852
mail@lordassociates.co.uk

cliveb · Postby **cliveb** » Mon Aug 18, 2003 6:03 am

Thank's Nigel,
To clarify, I am employed by a company with a salary not taxed @ 40%, but, with a company vehicle. I've just been landed with a 1700 quid tax bill because of I.R. cock-up's on coding. I
just want make sure it doesn't happen again.
Clive

Nigel Lord · Postby **Nigel Lord** » Mon Aug 18, 2003 7:43 am

Sorry Clive

No planning opportunities that I am aware of.

Nigel