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Recent content by ContractHK
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Moving abroad for a year- can I withdraw all company retained profits to avoid tax?
In that case- how long would I need to be non-resident before I wouldn't be liable for UK tax on dividends? It must be possible at some point, since people who have moved abroad for a reasonable length of time don't pay UK income tax anymore, they pay the tax of the country they are resident in...- ContractHK
- Post #3
- Forum: Accounting / Legal
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Moving abroad for a year- can I withdraw all company retained profits to avoid tax?
Hi, I have a substantial amount of retained profits in my Ltd company. I always take the maximum £42k (salary and dividend) to avoid being pushed into the higher rate tax band. I've been fortunate enough to have a good rate, and even after pension contributions and expenses, over the course of...- ContractHK
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- Replies: 6
- Forum: Accounting / Legal
