- Joined
- Nov 21, 2013
- Messages
- 1
- Reaction score
- 0
Hi,
I have a UK Limited company, a family member lives "offshore" lets say for arguments sake the Cayman Islands.
If I made the family member a 95% shareholder of the company and the remaining 5% with me. Then I pay a dividend of say £100: £95 would go to the Caymans (tax free) to the family member and I would receive £5.
Is this strictly speaking legal? and more importantly... would this raise suspicion with HMRC? and if so is there anything HMRC can do?
Many thanks
I have a UK Limited company, a family member lives "offshore" lets say for arguments sake the Cayman Islands.
If I made the family member a 95% shareholder of the company and the remaining 5% with me. Then I pay a dividend of say £100: £95 would go to the Caymans (tax free) to the family member and I would receive £5.
Is this strictly speaking legal? and more importantly... would this raise suspicion with HMRC? and if so is there anything HMRC can do?
Many thanks