Question for the powerfully built amongst us
Discussion
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.Would allow you to keep the ownership percentages the same, but only pay dividends on certain share classes.
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.Would allow you to keep the ownership percentages the same, but only pay dividends on certain share classes.
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