On 4/29/2020 6:51 PM, Ruaraidh wrote:
I'm in the UK where married couples are taxed separately and have to file
separately.
And if you did the research you said in that you perhaps also saw
reference to arranging assets (income producing assets) between the
marriage partners to that into account.
In other words, you perhaps want to keep full separate books for self
and spouse. Or in the same set of books but partition income (and maybe
expense if some have tax consequences) and perhaps some assets and
liabilities. How you would proceed would depend on what easiest.
Michael D Novack
PS: I would find it hard to believe that there are not books/texts in
the UK advising how to do this.
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