I work a regular 9-5 job earning a decent wage. My wife works one or 2 days during the week and gets a varying, low wage.
I've started selling items in my spare time and it's gotten to the point where I'm making enough to think about the tax implications.
My understanding is that in the UK each individual gets a personal non-taxed income allowance. Obviously my income would be used up by my salary, however I don't believe my wife's would be.
Currently my wages and my extra income go into a shared bank account and her wages go into a separate bank account under her name.
Ideally I'd like to use her allowance to offset any tax we/I would have to pay on income from my selling.
Is this legal? How would I go about doing this?