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Transfer of tax?
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Kleftiwallah
Posts: 7 Forumite
in Cutting tax
I'm a few days off my 60th birthday:beer:, unemployed :mad: and with very little chance of gaining employment before I retire.
What are the pros and cons of transfering my tax allowance to my wife (who is a mere stripling at 54 ish) and is it possible. Where can I find easily understood facts on this subject? Thanks in advance Cheers, Tony.
What are the pros and cons of transfering my tax allowance to my wife (who is a mere stripling at 54 ish) and is it possible. Where can I find easily understood facts on this subject? Thanks in advance Cheers, Tony.
0
Comments
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No, you cannot transfer your personal tax allowance to your wife. Its a personal allowance to you.
If there are family savings on which tax is paid, it might be beneficial to transfer these into your name (assuming the wife trusts you) in order to make use of your personal allowance.£705,000 raised by client groups in the past 18 mths :beer:0
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