Share Types for Dividend

[sumar]

Hello,
I have 3 questions about shares in a small private Limited company.
1. Can anyone tell me if it is possible to have separate share types in a company? Can we have one type of shares that get dividends, and another type of shares that have voting rights? Can one person have the Voting Shares and another person has the Dividend Earning Shares?
2. Also does the amount of voting rights you hold have any influence on how your dividend income is taxed?
3. If the company is sold because it is being aquired by another company, is it the Voting Rights Shares or the Dividend Paying Shares, or both, that would be sold and acquired? For example, if the company had 100 Voting Shares and 100 Dividend Paying Shares, and the company is sold for £100, would both the sale price have to be equally spilt £50 for the Dividend Shares and £50 for the Voting Shares, or can the deal be structured anyway the shareholders decide, e.g. £100 buys the the Dividend Paying Shares and £0 buys the Voting Shares.

[pawncob]

Yes, you can have "A" and "B" shares one of which does not receive dividends. Normally the voting shares have the dividend attached, since these control the company. Other shares may have a fixed rate of interest paid (or nothing at all).
No. Dividend income is taxed at the same rate regardless of your shareholding.
If a company is sold, it's usual to include all share types in the sale. You can structure the sale any way you wish and the voting shares will (normally) represent the real value of the company.

[Incredulum]

The sale price would have to reflect real valuation. And you would need professional advice there.

If the voting shares carry no rights to dividends, then their value is possibly quite small.

But if the dividend shares carry no rights to declare dividends, then they are arguably completely worthless as they cannot choose when (or indeed whether) to receive a dividend.

The reality is that you would never sell one lot without the other, and a valuer would have to come up with a suitable apportionment.

[sumar]

Pawncob and Incredulum thank you for your answers.

It sounds like you can have 2 types of share, voting and non-voting, and that the dividend rights would normally be attached to the voting shares but from what you say, it sounds like this is normal but not mandatory - so a company could choose to appoint one one person 'A' with voting rights ('A' shares) and another person 'B' with dividend rights ('B' shares)?

If one director is resident for tax in the UK, the other is resident outside the UK, could the company shares be allocated as follows: Director 'A' is tax resident in the UK, has the voting rights, and draws a salary. Director 'B' is resident in a country that does not tax dividend income where the shares have no voting rights, and so receives income in dividends.

Would this be acceptable from a UK tax and accounting perspective? Thank you again.