I'm a joint business owner and director. I'll hit the higher band of tax with basic salary (£10,600) and dividends (£50k). My business partner will take exactly the same as me (50:50) via B-shares (we both have 1-B share each), I own 75% (3 A-Shares) of the business, he has 25% (1 A-share). My wife's salary is ~£32k through a full time employed job, taxed via PAYE.
As example, can I give my wife 1/5 of my B-shares so I'd take £40k in dividend and she'd get £10k as an additional income, keeping us both in or around the basic tax threshold for 2021/22?
If yes, would she then need to do a personal tax return just for that dividend, as otherwise her tax is all done for her?
If yes, would I change the B-Shares on companies house to something more sensible like 10,000 total, 4,000 for me, 1,000 for my wife and 5,000 for my business partner?