My wife and I own buy-to-let properties, where we pay higher-rate tax on the income. We could form a property management company, which would charge up to 15% of the rents in management fees (about £12k pa). After paying corporation tax of 20%, we could pay ourselves dividends of nearly £10k (nearly£5k each) which would be tax-free. So nearly £10k of income would become taxed at 20% each year instead of 40/45%. Does this work? Thanks, Alan.