Tips for individuals on tax planning before the 6 April
deadline
If you want to minimise your tax liabilities in the
current tax year, here are some points worth considering before 6
April 2015.
Spouses with little or no taxable income
If you are married and one of you has an unused basic rate band
or even personal allowance, it is worth considering whether
income-producing assets can be transferred and subsequently owned
legally by the other spouse. HMRC is relaxed about the transfer of
certain assets to a spouse, such as property or quoted investments,
providing they are genuinely given away, but it can be less relaxed
when it comes to shares in private companies.
Taxable income between £100,000 and £120,000
