We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
My friend's partner is uneployed now. Will my friend pay less tax?
QQQ
Posts: 392 Forumite
in Cutting tax
He is a 40% income tax payer if it makes difference. Should they get married or cohabiting is enough?
0
Comments
-
women achieved liberation many years ago so people are now taxed as individuals
however he can transfer all his saving to her and she will avoid paying 40% tax on them0 -
My friend's partner is unemployed now. Will my friend pay less tax?
No. The taxation affairs of your friend and their partner are separate. Being married won't change that.
The only thing you friend can do, if they are in possession of some income producing assets, cash, shares etc, is transfer those assets into the partner's name and thus transfer the tax liability on the income as well. That's easier to do if you're married.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards