Our website is set to allow the use of cookies. For more information and to change settings click here. If you are happy with cookies please click "Continue" or simply continue browsing. Continue.

Family Law

The leading authority on all aspects of family law

19 FEB 2008

Consultation on 'income shifting'

The Government is currently consulting on draft legislation to prevent a tax advantage being gained through income shifting. The consultation period will close on 28 February 2008.

The consultation document Income shifting: a consultation on draft legislation" sets out the Government's view that income shifting, through which one individual can shift their income to another in order to gain a tax advantage, leads to unfair outcomes. It asks whether the draft legislation, which applies only where a tax advantage is gained through non-commercial arrangements and where the shifted income is in the form of a company distribution or share of partnership profits, meets the Government's aims. It also seeks comments on the draft guidance published alongside the legislation, to ensure that the legislation is clear to businesses and their advisers, and that administrative burdens are minimised.

However, the Federation of Small Businesses says that proposed changes could end up impacting on divorce cases when both partners worked in the same business.

More information, including the consultation, can be found on the HM Treasury website:

Family Court Practice, The

(Red Book)

The Red Book is the acknowledged authority on practice and procedure

More Info from £498.00
Available in Lexis®Library


Law, Practice and Precedents

This work provides commentary, checklists, procedural guides and precedents on the subject in a...