We know that if a private LTD company has two shareholders, and they are husband and wife, provided the shares are normal ordinary shares and were transferred as a gift, they're safe of settlements
The National Audit Office (NAO) concluded that five corporate tax dispute settlements with HMRC were “all reasonable” and produced a positive outcome for the Exchequer.
A director with a controlling interest in his family company has gifted shares to his adult children who are currently still in full time education.
The First-Tier tribunal found in favour of a couple who faced tax assessments of nearly £20,000 on dividends that HMRC claimed were paid as part of a settlement under s660a of the Income and Corpor
I have a successful one man band IT company client. The sole director would have been even more profitable last year if he had not had to spend so much time on administration.
- HMRC loses husband-and-wife settlements case 25,401 18
- Arctic Systems: Full judgment released 11,924 15
- Does it matter what happens to dividend money paid to spouse, after it's entered their account? 10,281 19
- TAXtv: Beware Patmore’s can of worms 4,907 2
- HMRC corporate tax deals ‘reasonable’, says NAO 4,896 12