It is proposed that there will be a 1.25% increase in the rate of tax payable on dividends received by those who own shares in companies. This would mean that after the £2,000 tax-free dividend allowance the rate of tax would be 8.75% for basic rate … Continue reading Do You Take Dividends? Tax Rates Are Set To Increase
Q: My client originally subscribed for 50,000 £1 shares when he set up his company. He now feels that the company is over capitalised and would like to return some of the share capital back to himself. He wonders whether the company could enter … Continue reading Tax Question Of The Week – Share Reduction
We recently received a question regarding a family company and the availability of entrepreneur’s’ relief (ER) with regard to different classes of shares in issue. A total of 11,000 shares are in issue made up of A and B shares. Mother and father … Continue reading Capital Gains Tax – Changes to Entrepreneur’s’ Relief
The key considerations of giving shares to minors. The short answer to this is yes, it is possible. In England and Wales there are no statutory provisions prohibiting a child (under the age of 18) from owning shares. However, some companies do not … Continue reading Can a child own shares in a private company?
Individual business owners may be aware that a capital gains tax (CGT) rate of only 10% can apply if entrepreneurs’ relief (ER) is available on qualifying business disposals, up to a lifetime limit of £10 million. A relatively newer and less … Continue reading Investors and Entrepreneurs – There’s A (Tax) Difference!