Hi all,
I haven't managed yet to get a definite answer to my question so I was wondering if anyone can help from their own experience.
If you have a Ltd company with 2 shareholders (spouses) and you take on a contract that falls within IR35, what happens with the 2nd shareholder and their dividends entitlement?
When you are outside of IR35 you split the profit based on the % of shares that each one holds. If you are inside of IR35 can you still distribute dividends to the second shareholder equivalent to their shares and take your own part of dividends as salary?
I haven't managed yet to get a definite answer to my question so I was wondering if anyone can help from their own experience.
If you have a Ltd company with 2 shareholders (spouses) and you take on a contract that falls within IR35, what happens with the 2nd shareholder and their dividends entitlement?
When you are outside of IR35 you split the profit based on the % of shares that each one holds. If you are inside of IR35 can you still distribute dividends to the second shareholder equivalent to their shares and take your own part of dividends as salary?
Comment