Income Shifting
Can anyone advise upon the latest position regarding income shifting, I recall the legislation was delayed, is it now in force and if so what action is needed in respect of those who have been "shifting in prior years".
I belive that the shareholding can remain the same biut the "shited" income is taxed to the higher rate payer?
Not in yet
As far as I am aware, nothing has been done with this yet ?
So current shareholding arrangements are still valid.
Who knows if anything will be announced in this budget - but doubtful.