If you are resident in Jersey and own a company. The profits of that company are taxed at 20%.
What about the dividends that the shareholder receives? Are they taxed at 20% too? For example, the company makes £100 profit. The company pays £20 tax. The shareholder has £80 post tax profits and pays himself a dividend of say, £60. Does he pay tax of £12 or £nil (as the company has paid it?).
Thanks
Kellie Edwards
