Using shares to save income tax…
Author: Russell SmithNovember 16, 2015
There are lots of ways to save income tax but here are just 3 which relate to your shareholding:
1. Split the shares with your partner
2. Watch the timing of the dividends (we can help you with this) to maximise tax saving especially around March – April, including factoring in the new dividend tax rules
3. Potentially splitting the dividends / waiving dividends to ensure that you and your partner pay the least amount of tax (we have to take into account other income as well)
This is going to become more relevant the closer we get to 6 April the date where a new rate of tax will appear on dividends!
More on this in future blogs……