Alphabet Shares - Confused

[TheFaQQer]

TSEM4220 - Settlements legislation: about dividend waivers (last paragraph)

If this wasn't the case, then pretty much any dividend waiver would be caught but that's not the case.

It does raise the question of whether or not there is a legal requirement for the company to have enough funds to cover the full dividend, including the waived amount, in a more general sense (completely aside from the settlements issue). Do you know which recent cases didn't apply to spouses? The most recent case I'm aware of that HMRC won was the Donovan & McClaren case, which again was lost due to the waivers benefitting the director's wives.

As per the other thread on this subject, see TSEM4225

[TheCyclingProgrammer]

The other one is family related where it was deemed that the father was in control of all the funds.. I can't remember the exact name off the top of my head...

Just to be clear, obviously a settlor can still retain an interest in settled property if the recipient is somebody other than their spouse/civil partner. A very obvious example would be a trust situation where the settlor controls the trust or is a beneficiary of it. There is also s629 which kicks in if the recipient is a minor child. I just don't think there's any evidence of that in OPs case. Would be interested to see read about the case though.

[Wanderer]

Have you thought about asking a professional these questions?

Why would he do that when he could ask a bunch of random strangers?

What a pair of fart knockers. I thought this was a discussion forum?

If you can't contribute anything useful then why don't you just shut up?

[northernladuk]

What a pair of fart knockers. I thought this was a discussion forum?

If you can't contribute anything useful then why don't you just shut up?

Aww Wanderer... Don't be grumpy.

He asked 3 questions, none of which we are really in a position to answer so we answered with the best advice for the OP.

Either that or we were discussing why he didn't go to a professional, either way... here's your dummy back....