Hi all
I am british citizen of Indian origin and working as an IT contractor for the past 5 years.
I am the sole director and shareholder of the company. I am divorced in 2015 and re-married in Dec 17. My wife is based in India and will join me in June 2018.
I have around 150K in my business bank account. I need the below clarifications with regards to taking out money from business account in a tax effective way.
1. Can I add my spouse as shareholder though she is not based in UK?
2. Will it raise an alarm bells if I add her as a shareholder now and pay dividends in June?
3. Do I have to submit any proof of relationship to HMRC?
Thanks for your help.
Regards
ITC
I am british citizen of Indian origin and working as an IT contractor for the past 5 years.
I am the sole director and shareholder of the company. I am divorced in 2015 and re-married in Dec 17. My wife is based in India and will join me in June 2018.
I have around 150K in my business bank account. I need the below clarifications with regards to taking out money from business account in a tax effective way.
1. Can I add my spouse as shareholder though she is not based in UK?
2. Will it raise an alarm bells if I add her as a shareholder now and pay dividends in June?
3. Do I have to submit any proof of relationship to HMRC?
Thanks for your help.
Regards
ITC
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