Question for the powerfully built amongst us

[anonymous-user]

Could you look at setting up different classes of shares, or is this frowned on these days by HMRC?

Would allow you to keep the ownership percentages the same, but only pay dividends on certain share classes.

[Eric Mc]

Inkyfingers said:

Could you look at setting up different classes of shares, or is this frowned on these days by HMRC?

Would allow you to keep the ownership percentages the same, but only pay dividends on certain share classes.

Legally, HMRC cannot stop people having different cl;ass of shares - but if they think that the prime reason the share structure was chosen was "tax avoidance", they can treat the tax situation as if the share structure doesn't exist.

[Zoon]

You may struggle with the same account scenario as it's basically just tax avoidance on your part.

[akirk]

Eric Mc said:

Inkyfingers said:

Could you look at setting up different classes of shares, or is this frowned on these days by HMRC?

Would allow you to keep the ownership percentages the same, but only pay dividends on certain share classes.

Legally, HMRC cannot stop people having different cl;ass of shares - but if they think that the prime reason the share structure was chosen was "tax avoidance", they can treat the tax situation as if the share structure doesn't exist.

set up one class with voting rights / one without and that is a good reason for the different classes of shares