Some questions about taxation for a married couple when one spouse is returning to work after a long period at home.
Husband earns about 47k, Presently taxed as married (1 income), claims home carers tax. Pays fairly low taxes.
Wife will be earning 23k. How does she go about sorting out her taxes?
To make it more complicated, husband will be on unpaid leave for the first 4-8 months of her working. Is it worthwhile or even possible for her to have all the married tax credits for that period and keep the homecarers credit until he returns to work? And then cancel the homecarers and share out the tax credits....how?
Any help much appreciated.
Husband earns about 47k, Presently taxed as married (1 income), claims home carers tax. Pays fairly low taxes.
Wife will be earning 23k. How does she go about sorting out her taxes?
To make it more complicated, husband will be on unpaid leave for the first 4-8 months of her working. Is it worthwhile or even possible for her to have all the married tax credits for that period and keep the homecarers credit until he returns to work? And then cancel the homecarers and share out the tax credits....how?
Any help much appreciated.