Dividends reclassified as capital

Client has decided to wind up asap but can dividends recently paid be reclassified as capital?

Didn't find your answer?

 Can they take advantage of the CGT exemption? 

Replies (5)

Please login or register to join the discussion.

RLI
By lionofludesch
31st Aug 2018 14:27

You mean "can I rewrite history?"

No.

Thanks (1)
Replying to lionofludesch:
avatar
By GDJMAAT
31st Aug 2018 14:35

Thanks - this was my initial reaction when asked. Blatant dividend tax avoidance.

Thanks (0)
By Ruddles
31st Aug 2018 14:34

There's far too much confusing information in the question - can you simplify it, please.

Thanks (1)
avatar
By andy.partridge
31st Aug 2018 15:11

When you say 'reclassify', do you actually mean 'lie'?

Thanks (0)
avatar
By Tosie
31st Aug 2018 16:43

Google "distributions upon winding up" I suspect that is what you have in mind. However if dividends have already been paid there is no way that you can reclassify.

Thanks (0)