Design an income splitting strategy for a client

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Reference no: EM133433792

Income Splitting Strategy

Design an income splitting strategy for a client who has a spouse who earns less than them, an adult child (over 18) and a minor child (4 persons family). This strategy would allow them to avoid attribution rules.

You can assume any facts you really want to regarding property/investments to make etc. Do assume that there is a business in play that is reported as the clients on his return as business income.

Required:

Present your client's situation and the strategies applied to split income within the family while avoiding violation of attribution rules.

Reference no: EM133433792

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