Tax on Dividend Income

[TheFaQQer]

i'm finding it frustrating. To fund my ISA this year i'll incur a tax hit despite a load of cash swilling in my ltd.. can i take a short term loan? ie 1 week

Yes. You could take a director's loan.

Anything up to £10000 would incur no charge at all. Anything over would have benefit in kind implications.

[Rossco]

Yes. You could take a director's loan.

Anything up to £10000 would incur no charge at all. Anything over would have benefit in kind implications.

thanks.. i'll talk to my acct about this tomorrow..

[northernladuk]

thanks.. i'll talk to my acct about this tomorrow..

Be careful with loans though, it is possible your accountant may need to use the DL account to do some jiggery pokery to minimise your tax between the years.