I'm hoping that someone can help me with this enquiry.
Would my family tax benefit and CCR be affected if my children had an income of their own? Our household income would stay the same, but my husband and I would have much smaller personal declarable incomes with the rest being split between our children who would be shareholders of our family business.
We have been asked to consider doing this by the company my husband subcontracts to for tax reasons. I'm just a bit nervous about making the change from a partnership to a PTY Ltd if it means we have to pay more for childcare and get less FTB as we would really struggle if these payments were changed.
Thanks in advance :)
Trav
xx

