Splitting a company –Tax efficiently
Most private companies start as sole owner-managers; roll on a few years and some will have grown such that family members may also work for
Most private companies start as sole owner-managers; roll on a few years and some will have grown such that family members may also work for
Limited liability partnerships (LLPs) are a relatively new type of business structure that came into being following the financial crisis of the late 1980s, and
If used correctly, dividend waivers can be an effective planning tool, particularly where one shareholder is a higher-rate or additional rate taxpayer and others are
The dividend allowance is available in addition to the personal allowance. It allows all taxpayers regardless of the rate at which they pay tax to
The Chancellor’s recent mini-Budget and subsequent U – turns threw a number of spanners into the works as far as profit extraction strategies are concerned.
Where the plan is to pay a dividend the director/shareholder must ensure that set procedures are in place. This article describes some traps for the
Although Family Investment Company’s (FIC) have been around for several years, awareness of the flexibility that such a vehicle affords has been growing in recent
Where a business is operated as a family company, it is necessary to extract the profits from the company in order to use them outside
Family and personal companies are often ‘close’ companies. Broadly, this is one that is controlled by five or fewer shareholders or any number of shareholders
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