Can I split my income with my spouse?
July 16, 2024
This article, written from a tax agent’s perspective, explores the concept of income splitting with a spouse, covering legitimate strategies, restrictions, business implications, superannuation contributions, tax implications, potential risks, and the importance of professional advice. The focus is on informing couples about the possibilities and legalities of income splitting for tax efficiency, emphasising the need for careful planning and compliance with tax laws.
