Appreciate some help on this one please.
I have a client that is the Sole Director of two Ltd Companies.
Will have taken £20K in Dividends from Company 1 and invested £30K in to Company 2 during the HMRC fiscal year for 19/20.
The Company's trades are unrelated (if that could be an issue?).
Does the client pay Dividend tax on on the £20K from Company 1 and the £30K sit as a negative to be used in future years re Company 2OR are the amounts netted off and therefore £0 tax is due as she has invested a net of £10K?