Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
I have just received back my accounts from who I thought was a very good Chartered Accountant . I have been looking for ways to reduce my tax bill and came across Property118 advising ways to reduce liability.
One of the ways was to distribute some of the rental profits around the family using your spouse or partner. My accountants know that my husband works in the properties and yet when I had a meeting many years ago they told me that HMRC would never except me paying my husband a wage.
They sat and laughed at me!
The properties are in my name only.
The other day my accountant spoke of setting up a trust. He never gave any advice on being able to pay my husband to manage my properties.
Before I speak to my accountants I would be glad of some advice please.
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