Originally posted by Lance
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Shoving some dividends into the missus
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by missinggreenfields View PostI'll just reiterate the words I took professional advice and guidance to try to avoid the inevitable posts.
Myself, I think the use of alphabet shares is one step too far for a basically one band band Ltd Co. Most accountants would agree. Additionally, the use of alphabet shares by the likes of Brookson etc was one key reason the MSC regulations came into force. Hence, HMRC seriously dislike them.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Originally posted by Fred Bloggs View PostSo did a lot of people caught up in tax avoidance schemes too.
Myself, I think the use of alphabet shares is one step too far for a basically one band band Ltd Co. Most accountants would agree. Additionally, the use of alphabet shares by the likes of Brookson etc was one key reason the MSC regulations came into force. Hence, HMRC seriously dislike them."why ride a vespa when you can push a lambretta?"
As I look ahead, I am filled with foreboding; like the Roman, I seem to see "the River Tiber foaming with much blood."Comment
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Originally posted by Fred Bloggs View PostSo did a lot of people caught up in tax avoidance schemes too.
Myself, I think the use of alphabet shares is one step too far for a basically one band band Ltd Co. Most accountants would agree. Additionally, the use of alphabet shares by the likes of Brookson etc was one key reason the MSC regulations came into force. Hence, HMRC seriously dislike them."You’re just a bad memory who doesn’t know when to go away" JRComment
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This
Thus, as long as a spouse (or civil partner) is given ordinary shares (carrying the normal full range of rights), any dividends paid on the shares should be treated as their income and the settlements legislation would not apply.
Many advisers prudently recommend that dividends paid to a spouse should be paid into their own separate bank account (as opposed to the couple’s joint account)."why ride a vespa when you can push a lambretta?"
As I look ahead, I am filled with foreboding; like the Roman, I seem to see "the River Tiber foaming with much blood."Comment
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Originally posted by Major Hassle View PostThis
Many advisers prudently recommend that dividends paid to a spouse should be paid into their own separate bank account (as opposed to the couple’s joint account).
My spouse and I only have a joint account, no individual accounts.Comment
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Originally posted by SuperLooper View PostWhy?
My spouse and I only have a joint account, no individual accounts.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by SuperLooper View PostWhy?
My spouse and I only have a joint account, no individual accounts.See You Next TuesdayComment
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Originally posted by Fred Bloggs View PostMyself, I think the use of alphabet shares is one step too far for a basically one band band Ltd Co.
Originally posted by Fred Bloggs View PostAdditionally, the use of alphabet shares by the likes of Brookson etc was one key reason the MSC regulations came into force. Hence, HMRC seriously dislike them.Comment
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Originally posted by northernladuk View PostBecause it looks you are allocating the divi to her to avoid the taxation on yourself but receiving the benefit when it hit's your joint account. Someone else will provide a posher explanation with big words shortly.
I can't understand just having one bank account - far too easy to break the £75k protection limit that way!Comment
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