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The income of an Ltd business does not need to be declared.
But your shareholding does.
So if you own 100% of a business that has a profit of over £1m a year, for example - this affects the value of the asset.
The asset would be worth more if a higher income/profit.
But you do not need to declare the income, just the value of the Company and shareholding
Can I clarify anything for you about this today, please?
If you need anything further I am available for a follow up at no extra cost.
I was just following up to see if there is anything else I can assist you with today? If so, just let me know.
If not, then I am happy to have been able to assist you.
If you declared it and you were never asked what the income was, then you are not liable.
A Ltd co is a legal entity of its own right.
It never needs to declare a dividend. This would then just come down to the capital value of the business as an asset which would need to be declared.
Does that clarify?