change of ownership

cloudnineents

Free Member
Nov 25, 2012
3
0
hi there i currently work in the army and ive just started a new popcorn and candy floss machine hire business for some extra cash and it has taken off big time turning over around £500+ a month.
my question is, i have been told by my father in law that i should transfer the business over to my wife to avoid having to pay higher tax as i am on £30,000 with my army job, if this is the case how do i go about doing it
any help much appreciated

Tom
 

Latest Articles

Join UK Business Forums for free business advice