Separate Taxation

  • 1 Posts
  • 1 Sections
  • 1 Types
Definitions
Separate Taxation of Wife's Earnings
Separate Taxation Wife's Earnings Tax Reduction Independent Taxation Spousal Income Marriage Taxation
An election available before April 1990, in which both parties to a marriage agreed to treat the wife's earnings separately from the husband's, usually as a means of reducing tax. Salaries and other income of spouses have been taxed separately since April 1990 in many jurisdictions, providing a fair and independent taxation system.
Read more about Separate Taxation of Wife's Earnings.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.