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Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.
Firdtly, don't forget that the first 5K of dividends received by you are tax free from the 15/16 tax year.
Your proposal is perfectly feasible. Companies are not exposed to Capital Gains Tax (CGT) and inter company transactions within a company group are outside the scope of Corporation Tax (CT). In any event profits within companies in a group can be moved upwards, downwards or sideways as convenient to relieve profits in other group companies.
I do hope that you have found my reply of assistance.
Correct, with two of you 50/50 of course you can have 5K of tax free dividends apiece.
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