Jones v Garnett (HM Inspector of Taxes) [2007] UKHL 35 – WLR Daily

Posted July 31st, 2007 in dividends, income tax, law reports, married persons, small businesses by michael

Jones v Garnett (HM Inspector of Taxes) [2007] UKHL 35

A husband who provided his services to the market via a private company which his wife co-owned, thus distributing his earned income between them both via dividend, was not liable to tax on the income transferred to the wife, pursuant to section 660A of the Income and Corporation Taxes Act 1988, provided the wife’s shares in the company were ordinary shares which carried a right to more than just income.”

WLR Daily, 30th July 2007


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