This is the final tax of our Tax & Accounting at Christmas Special, as we analyse the tax and accounting treatments of all things Festive and open a door in our Christmas Advent calendar to count down each working day until Christmas day in the UK. 

The Family

The Festive Season is a time for catching up with friends and family. This time we have a look at tax issue for the family.

Employing family members

HMRC may challenge the rate of remuneration paid to family members if it considers that the expense is not "wholly and exclusively incurred" for the purposes of the business. 

Family companies

Passing on Family investment companies and partnerships

Passing on assets within the family and trusts

Useful guides:

ABC or alphabet shares: family companies

 Wages: spouse or family

Family Investment Companies

Settlement anti-avoidance rules

IHT: Estate planning checklist 

Back to our Christmas Advent Calendar