Hi,
I have a client who is a consultant operating via a limited company, sole director and share holder, single fee earner.
Client has now emigrated to New Zealand and I need to prepare final accounts and distribute closing reserves via dividends.
Leaving aside issues on IR35, am I correct in my understanding that the client shall not be taxed on the final dividend given that he is no longer a resident or ordinarily resident within the UK?
Also with regards to corp. tax, given the company is UK registered, I presume that it shall be subject to UK CT regardless of the fact that management and control now resides outside the UK?
Any thoughts shall be most welcome.
Regards,
Alan.
Alan Price
Replies (2)
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Sorry
Euan, many thank for your reply. I hadn't realised that my initial posting had gone live.
Alan