Hi Guys,
I was just wondering what is the best course of action for tax on income after marriage.
Person A:
PAYE: 35k
Rental Income: 125k
Current expenses: 75k
Capital allowances: 5k
Person B:
PAYE: 20k
Is rental income then split between 2 of you to limit taxation? or can you move the income to person B?
By moving rental income to Person B, could this have some bearing on a Prenup(i know they are not enforceable yet in ireland) dispute in the future?
With the figures above, what type of figures can be saved vs my current situation of single person.
I was just wondering what is the best course of action for tax on income after marriage.
Person A:
PAYE: 35k
Rental Income: 125k
Current expenses: 75k
Capital allowances: 5k
Person B:
PAYE: 20k
Is rental income then split between 2 of you to limit taxation? or can you move the income to person B?
By moving rental income to Person B, could this have some bearing on a Prenup(i know they are not enforceable yet in ireland) dispute in the future?
With the figures above, what type of figures can be saved vs my current situation of single person.