Business Tax Insider - Tax Insider

There are obviously a number of motives behind people transferring interests in property, or property holding company shares, to other people; but I’m going to be concentrating here on gifts (or ‘sales’ at a significant undervalue), which are made with a view either to reducing the transferors’ inheritance tax (IHT) liability, or to benefiting the recipients. And indeed, it’s here that the tax implications become a little bit thorny on occasions. 

Alan Pink considers the tax implications of transferring shares and land, and highlights a pitfall with ‘clever’ planning.

Special tax rules apply to the construction industry; the way in which workers are treated for tax purposes will depend on whether the worker is an employee or self-employed. 

Mark McLaughlin looks at whether HMRC may sometimes be too late to assess additional tax when a discovery is made.

In this article, I’ll look at how to ‘spread’ dividend income between spouses and civil partners in a couple, to maximise the tax benefit. 

Lee Sharpe looks at the rules for sharing dividends between spouses and civil partners. 

For married couples (or civil partners), when one spouse dies their estate is administered in accordance with their will (if valid), or under the law of intestacy. Any inheritance tax (IHT) liability will be calculated accordingly.

Mark McLaughlin points out the importance for inheritance tax and general law purposes of determining which spouse or civil partner died first.