Right to waive dividend

Right to waive dividend

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Hello.

I have a situation, husband and wife jointly own 1 share, but husband has other personal income but wife doesn't, so wife can afford to be allocate more dividend and stay below the higher rate band, the question is can husband waive his right to some of the dividends even though they are holding a joint share? And how should this be disclosed in the account?

Many thanks

Ariel

Replies (2)

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Stepurhan
By stepurhan
29th Jul 2014 14:49

No

The dividend is either paid on the share or it isn't. A waiver would only be effective for shares held solely in his name.

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Replying to sash100:
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By Arielqiang
29th Jul 2014 15:24

Thank you for your reply.

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