Shareholder to withdraw more dividends
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  1. #31

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    Quote Originally Posted by Sophieuk View Post
    Hi all,

    I have been contracting for couple of years. I am looking to buy my house and am in need of more cash for my deposit. My accountant advised me to consider making a (non working) friend as my shareholder. I am single so I dont have an option to make my spouse a shareholder.

    My friend can withdraw dividends from my company as a shareholder and give that money to me as gift. Is this a safe approach ? Will I get myself in trouble with HMRC ??

    Any guidance on this topic will be much appreciated. Thanks.

    Regards,
    Sophie
    Ignore what the other users have said earlier. Treat me as your friend.

    Shall I send out my Bank acc + Sort code to your main ID? or should I send it to your Sockie?

  2. #32

    I live on CUK

    SueEllen is a fount of knowledge

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    Quote Originally Posted by FatLazyContractor View Post
    Ignore what the other users have said earlier. Treat me as your friend.

    Shall I send out my Bank acc + Sort code to your main ID? or should I send it to your Sockie?
    Norfolk 'n' Chance?
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  3. #33

    Contractor Among Contractors

    WordIsBond 's job has never been outsourced


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    Quote Originally Posted by FatLazyContractor View Post
    Ignore what the other users have said earlier. Treat me as your friend.

    Shall I send out my Bank acc + Sort code to your main ID? or should I send it to your Sockie?
    It's my sockie, you can send it to me. I'm sure I'll find some use for the data.

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