Arctic Systems in lords

[damo111176]

Next can they bin IR35 too ......."he prays!"

[Pondlife]

<alan partridge> Cashback! </alan partridge>

<alan partridge> Jurassic Park! </alan partridge>

Sorry

[turbo]

woo hoo

[Burdock]

what is the implications of the win for the average man in the street contractor? is it just to do with married contractors, or have i got my head up my ?!

[Andy2]

Does it mean I can give 50% shares to my wife(company secretary)
and show 2 fingers to Gordo ?

[Pondlife]

Full text here

[Old Greg]

Full text here

How sweet. 'Natural love and affection' won over their lordships.

[malvolio]

Does it mean I can give 50% shares to my wife(company secretary)
and show 2 fingers to Gordo ?

Yes, basically. But wait for the full analysis, there's bound to be a right way and a wrong way to do it!

[TheFaQQer]

Does this indirectly have an impact on IR35 as well?

IIRC, IR35 can only apply if you are a director owning more than a certain percentage of the business. If shares in the company are sold / given / allocated to my wife and children, such that I own less than that level, does that clear me for IR35?

[Old Greg]

Yes, basically. But wait for the full analysis, there's bound to be a right way and a wrong way to do it!

My worry is that I was advised to issue Mrs OG a share when the company was formed, not to issue it to me 1st and then for me to transfer it. It appears this may make a difference. Good job I'm a member of the PCG