THE PBR has been brought forward to tomorrow during which a number of commentators are suggesting that there will be some new legislation or perhaps a period of "consultation" to plug the Arctic Systems hole.
IANAL but if you run your own limited company, have some non-distributed or retained profits or could declare a dividend, and you are married with your spouse not generating income for yourco but holding shares in yourco and your spouse pays tax at a lower rate that you would on income you might want to consider declaring and paying a dividend before tomorrow. Although legislation is perhaps unlikely to be announced tomorrow it is possible that any future legislation might be backdated to 9th Oct 2007 if announced in the PBR.
Naturally what you do is dependent on your own personal tax and company circumstances and you should consult your accountant before taking any action but personally I've decided to take what I consider to be the low-risk option and clear out profits to date before tomorrow. This posting should not be treated or considered as investment advice.
IANAL but if you run your own limited company, have some non-distributed or retained profits or could declare a dividend, and you are married with your spouse not generating income for yourco but holding shares in yourco and your spouse pays tax at a lower rate that you would on income you might want to consider declaring and paying a dividend before tomorrow. Although legislation is perhaps unlikely to be announced tomorrow it is possible that any future legislation might be backdated to 9th Oct 2007 if announced in the PBR.
Naturally what you do is dependent on your own personal tax and company circumstances and you should consult your accountant before taking any action but personally I've decided to take what I consider to be the low-risk option and clear out profits to date before tomorrow. This posting should not be treated or considered as investment advice.
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