We have a client company and the wife is the main earner. The shares are held 50/50 a small salary is drawn by wife and then dividends voted. Due to cash flow the husband did not receive his dividend and this was deferred to a later year. Is the dividend treated as received when the wife received her dividend?
The husband has a small business consultancy ltd co and another co he has 50% share holding in has been involved in developing information technology digital telephones and has not made any profits to date. The wife has had a lot of health problems and enforced absences and the husband has been spending a lot of time on her company affairs and invoiced her from his ltd co and still received dividends from her co. Is it feasible for the husband to sell his shares in his wife's co to his ltd co. She wishes him to resign as a director in any event from her co?
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