Good morning and welcome to the 29th of March Smart TV Review of the weekend's papers and in particular a review of the impact of the budget.
I hope you've had a good week. I'm sure you've been inundated with all of the various changes and non-changes that you've been presented with; clearly there is no point in us revisiting those. So what I thought I would do is just point out to you again some of the other things you can do to help mitigate either the current rules or some of the new rules that are going to come into force as affected by the budget.
So some simple things to start with, always remember that you can transfer assets between husband and wife and you should always try to hold the assets, if all things are equal, in the name of the spouse who pays tax at the lowest rate. So for example, if you own a secondary property and you have a basic rate tax paying husband and a higher rate tax paying wife, make sure the property is held in the name of the husband in order than any rent that you receive from that pays tax at the basic rate rather than the higher rate. Relatively simple things, but people often forget them because they psychologically feel the need to hold things jointly, because they're jointly owned, it doesn't matter if you're married, you can move things between yourselves as often as you like.
