Partial Dividend Waivers

I've always been taught that if you waive a dividend, you waive full entitlement to that dividend.

For example: 2 shareholders, £50,000 dividend proposed. 1 shareholder takes full entitlement, £25,000. The other shareholder only wants to take £10,000. Can he put a partial waiver in place for the remaining £15,000.

I've just been told it is legal to do this and HMRC would have no query but I dont agree.

Has anyone else ever prepared/signed a partial dividend like this?

Thanks

Comments
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Who told you?

BKD |
BKD's picture

We aren't told how many shares there are

Steve Kesby |
Steve Kesby's picture

Agreed that you can waive the

johngroganjga |
johngroganjga's picture

I've come across an example

Lynsey Stewart |

Another thought, hands up who

Lynsey Stewart |

Heaven help us

johngroganjga |
johngroganjga's picture

HMRC's view - settlements

BKD |
BKD's picture

Thanks for the advice

Lynsey Stewart |

Further ruminations

Steve Kesby |
Steve Kesby's picture

One share? Two dividends

Paulsoper |

A little bit of ethics

Lynsey Stewart |