In light of Arctic Systems can husband gift wife shares safely now?

After all the shenanigans I'm confused what the correct position is now re shifting income. I get something called "Tips & Advice Tax" which suggests it is okay for say a husband to transfer tax-free 50% of the shares in his company to his wife tax-free (assuming it s an existing company with a positive balance sheet). The wife then takes 50% of the share dividend with no tax implications (until 6/4/09 at least). Is this correct or is "Tips & Advice Tax" wrong (it is produced by www.tax.indicator.co.uk with contributors including the famous John Newth FCA,FTII,FIIT,ATT! )
Doug Scott