Recent content by if only a crystal ball

  1. I

    Bought wife out of business

    Hi I'm a small partnership with a turnover of £300k, I work on my own from home and have recently got divorced. My wife was the other partner and I paid her £60k for her interest in the business. What is the most tax efficent way of accounting for the £60k, by the way I'm liable for her tax...
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