Neil MacGillivray: The tax quirks of jointly held investments between spouses

Last month, I looked at how married couples and civil partners could consider transferring investments from one party to the other to maximise unused allowances and lower tax rates.  This article will give an overview of why careful tax planning is essential when spouses hold investments jointly. HM Revenue & Customs (HMRC) generally treat jointly owned property by spouses (whether married or in civil partnerships) as being owned equally for income tax purposes except for: Partnership income Income from furnished holiday lettings Dividends in respect of shares in a close comp...