I am a sole director of a ltd company, I wish to give £2000 worth of dividend to my partner this year(not married) who is not yet a shareholder. and no more than that as that would be the tax free amount for this year.
If I grant shareholder status to my partner, is there a way I can grant class B shares instead of class a(dividend only approved by director only- I read somewhere that you can classify what class B shares mean in your own company....) ( so not regular dividends )
Would anyone recommend this, or is this skirting the edge of HMRC?
If I grant shareholder status to my partner, is there a way I can grant class B shares instead of class a(dividend only approved by director only- I read somewhere that you can classify what class B shares mean in your own company....) ( so not regular dividends )
Would anyone recommend this, or is this skirting the edge of HMRC?
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