“A woman whose husband died a few hours after their wedding ceremony failed today to stop his former wife inheriting a large chunk of his estate.”
The Times, 10th October 2007
Source: www.timesonline.co.uk
“Tighter laws to end the ancient privilege that allows married couples to avoid being charged with conspiring to commit a crime are being called for by a law reform watchdog today.”
The Times, 10th October 2007
Source: www.timesonline.co.uk
Husband not liable for tax on his wife’s private dividend
Jones v. Garnett (Inspector of Taxes)
House of Lords
“A spouse who used a private company to transfer some of his earned income to the other spouse was not liable to pay tax on that income, provided the other spouse’s shares in the company were ordinary shares which carried a right to more than mere income.”
The Times, 9th August 2007
Source: www.timesonline.co.uk
Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.
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
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“A couple who fought HM Revenue & Customs all the way to the House of Lords sparked a wide-ranging review of Britain’s tax system yesterday, after winning their landmark case.”
The Times, 26th July 2007
Source: www.timesonline.co.uk
“Small businesses were celebrating victory yesterday after the House of Lords dismissed an appeal by HM Revenue & Customs in a landmark tax case, and gave the legal all-clear to a tax-saving arrangement used by thousands of husband-and-wife operations.”
The Independent, 26th July 2007
Source: www.independent.co.uk
“HM Revenue and Customs suffered a major defeat today when the House of Lords gave the legal all clear to a tax saving arrangement used by thousands of husband-and-wife small businesses.”
The Times, 25th July 2007
Source: www.timesonline.co.uk
“Tens of thousands of small businesses could face a combined tax bill of £1 billion if the Law Lords rule in favour of the Treasury in its long-running battle against a small business owned by a married couple.”
The Times, 6th June 2007
Source: www.timesonline.co.uk
“A landmark court case that will decide whether hundreds of thousands of owner-managed small businesses will face significantly higher tax bills began today in the House of Lords.”
The Times, 5th June 2007
Source: www.timesonline.co.uk
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