EVERYONE LIKES A good disaster movie. The story usually goes something like this. There are several subplots featuring characters that are going through their own personal life crises. These seemingly unconnected people suddenly find that their paths cross just before during or just after some catastrophic event occurs. There then follow amazing special effects showing many of the characters in unforeseen situations — a bit like tax really.
Zero Hour
Most individuals live completely separate lives in taxation terms from other members of society. Occasionally the tax authorities step in and confuse the situation by deeming spouses or family members to be so closely connected that special rules apply. Then suddenly something happens that inexorably connects previously unconnected people who have never met and probably never will. What could cause such a disaster in tax planning terms? The answer is the film partnership.
Taxpayers...
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