Article Database

Search results: 8 article(s) found in topic: Husband and wife companies - keyword: Dividends

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PROFIT SPLITTING

Dividing profit - can you use alphabet shares?

You want to share your company’s profit with your spouse. You’re considering issuing her with a different class of shares so you can pay dividends at different times and rates. Will HMRC challenge this? More...

INCOME SHIFTING

Tribunal shifts tax bill to director’s partner

In a tricky dispute between HMRC and a director, the First-tier Tribunal ruled that income due to her from her company was actually taxable on her partner. If your partner is a director of your company, could the ruling have implications for you? More...

PROFIT EXTRACTION

Celebrity tax avoidance

Yet another TV celebrity is being criticised for using a tax-saving scheme. What’s involved, is it legitimate and might it be something worth considering? More...

PROFIT EXTRACTION

Is sharing income with your spouse tax abuse?

The tax general anti-abuse rule (GAAR) became law this summer, and there have been rumblings that HMRC will use this to attack income shifting between spouses. Should you be concerned about this? More...

PROFIT EXTRACTION

Income shifting - the big picture

A few years ago the Taxman got hammered by the court in the Arctic Systems income shifting case; recently he tried his luck again. He lost but it was a close call. What tax planning tips can be gained from this latest case? More...

INCOME SPLITTING

Sharing the family income

The current economic downturn has resulted in falling income for your family and now your partner has been made redundant. Could you transfer some of your income to them and save some tax in the process? More...

NEWS - HUSBAND AND WIFE COMPANIES

Your spouse’s dividends

Did your spouse receive a dividend from your company during the tax year 2005/6? If so, do you need to refer to it on your tax return? More...

NEWS - HUSBAND & WIFE COMPANIES

Weathering the Arctic storm

You’ve heard that a recent legal decision means that spouses who both draw dividends from their company will have to pay more tax. Is this true? More...
Last updated: 16.10.2018

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