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Thanks for the swift response.
So that I am clear. If the assets were sold and then the proceeds paid out to shareholders, there would be two tax events - the Company would pay Corporation Tax at 21% on the net gain and then the shareholders would pay tax on the dividend at the rates shown - 10% on first 31,185, 32.5% on next 100,215 and then at 37.5% on the remainder? Or would the shareholders always pay at a certain rate.
Say for example, someone that has no income. The dividend pay-out is 400,000. Would this person pay 10% on 31,185, 32.5% on 100,215 and 37.5% on 268,600