IR35 and tax liability on money kept in the company?

[Old Greg]

The cost to the possibe amounts are pretty insignificant. 700 quid to protect 100K? If you are this worried about it all seems a no brainer to me. Remember its deductable so helps your CT as well

Not if it takes you above the 5% expense allowance it isn't.


Now, if you do the income splitting thing, how do they get it off your missus when she's not a director but a shareholder (assuming the Ltd does not have the funds).

[northernladuk]

Not if it takes you above the 5% expense allowance it isn't.


Now, if you do the income splitting thing, how do they get it off your missus when she's not a director but a shareholder (assuming the Ltd does not have the funds).

They take payment in kind..... It's how NLadyUK has been doing the shopping for years.

[northernladyuk]

They take payment in kind..... It's how NLadyUK has been doing the shopping for years.

And when we run out of milk, I just give you a little squeeze.