Jennifer Adams considers how inter-spouse transfers can help married couples and civil partners reduce their tax bills and highlights the key rules and conditions that apply.
For married couples and civil partners, one of the simplest and most effective tax planning tools is the ability to transfer assets between each other without triggering an immediate tax charge. Whichever tax is being considered, inter-spouse transfers can lower a household's overall tax bill.
However, some important conditions apply (NB in this article, spouses also refers to civil partners.
