Share & share alike

In certain cases, we have been able to review the share structure and ownership of a company and make recommendations which have resulted in significant reductions in tax liabilities for the shareholders.

Recently we reviewed a situation where Mr & Mrs Davies owned 50% each of their company, which provided IT consultancy services. The company made profits before corporation tax of approximately £60,000 and distributed the balance as dividends to its shareholders. Mrs Davies had other income in the form of a salary of some £30,000. By a simple reorganisation of the share capital, we reduced the family tax burden by 33%.

If you are interested in the details of this case or would like us to review your share structure, please contact Lewis Van Emden on 01443 841184 lewis@obrienandpartners.co.uk .