Husband and wife property partnerships: Changing the profit-sharing agreement

This article looks at the tax considerations when spouses (or civil partners) change profit shares in their property business. Much depends on whether the business is carried on as a general partnership or ‘merely’ as co-owners, as the special rules for the taxation of joint income for spouses or civil partners do not apply if the business qualifies as a partnership.

Want to read more?

Subscribe to ice-ps.co.uk to keep reading this exclusive post.

Subscribe Now