Spouse tax planning and illustration
You'll learn how to advise a couple on transferring shares between spouses to minimise their combined tax liability. This lesson walks through a practical illustration involving an additional rate taxpayer and a basic rate taxpayer, showing how to distribute dividend income and capital gains across both partners'
This lesson is part of a paid course
Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.
Already bought? Sign in
Ask the AI tutor anything about this lesson
It knows every lesson in the course — explanations, clarifications, practice questions.
In this lesson
- 0:00 Introduction to share transfer tax planning
- 1:04 Why transfer shares to the lower earner
- 2:13 Calculating Ali's tax before planning
- 3:41 Calculating Richard's tax before planning
- 4:02 How share transfer splits the capital gain
- 5:04 Calculating tax position after planning
- 6:04 Comparing total tax saved
About this lesson
allowances and tax bands. You'll see the step-by-step calculations for income tax on dividends and savings, capital gains tax planning, and how to quantify the tax saving—in this case, £3,577. This technique is essential for ATX (Advanced Taxation) and demonstrates why spouse planning is a core strategy in high-income tax scenarios.
Duration: 6m
Transcript
Every lesson comes with a full searchable transcript - included with the course.
Get the Advanced Taxation course
All 365 video lessons, an AI Tutor in every lesson and lifetime access.
Already bought? Sign in