Hello,
I would like to plan for my next years Tier 1 renewal. Can somebody advice if the following will be considered as income.
I want to set up a Limited Company, and
- put my spouce as 50% share holder
- take small portion as salary and the remaining as company dividends. Salary and Dividends will be paid to my wife as aslo.
- dividends will be paid as profits and by paying 20% corporation tax
Will the salary and DIVIDENDS both be considered as my income.
Regards
Sanjay
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