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Advisers may have to ask probing questions about clients’ relationships for child benefit purposes, warns ANDREW HUBBARD
KEY POINTS
- New rules for child benefit.
- Partnership test.
- Change of relationship midway through the year.
- Clawback of benefit.
Dear Janet
Thank you for sending me your tax return information so promptly. I have drafted your return but I need two further pieces of information before I can complete it. Could you therefore let me know:
- Whether you still hold the 1 000 BP shares you acquired last year.
- In which week you and John starting living together as husband and wife.
Once I have that information I will send you the final return for your approval.
Yours…
I know that these days we are encouraged to get to know our clients but surely there has to be a limit. I would have thought that my...
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