Would be interested to hear if anyone has any advice for us in the following situation. I've read plenty on the forum on divi-waivers but been wondering if our situation is different.
Husband and wife are both company directors and have 50% split of the shares.
Both are fee earners, his contract is inside IR35 and hers is not.
Husband's salary is greater than HRT threshold whilst wife takes minimum salary.
Can the company pay a dividend to the wife only? If a dividend waiver is used then does the s660 legislation apply?
As the husband didn't earn any of the fees that resulted in the company profit/dividend does it mean this is s660 safe?
Husband and wife are both company directors and have 50% split of the shares.
Both are fee earners, his contract is inside IR35 and hers is not.
Husband's salary is greater than HRT threshold whilst wife takes minimum salary.
Can the company pay a dividend to the wife only? If a dividend waiver is used then does the s660 legislation apply?
As the husband didn't earn any of the fees that resulted in the company profit/dividend does it mean this is s660 safe?
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