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Have you used your 2023/24 dividend allowance?
All taxpayers are entitled to a dividend allowance and can enjoy dividend income up to the level of the allowance tax-free. Read this article to discover whether you should declare a dividend before the end of the tax year to prevent your dividend allowance from being wasted.
Taxation of dividends in 2023/24
From 6 April 2023, the dividend allowance is to fall to £1,000. Read this article to find out how this and other tax changes will affect the tax that you pay on your dividend income in 2023/24.
Is an alphabet share structure still worthwhile?
The dividend allowance is reduced from £2,000 to £1,000 from 6 April 2023 and to £500 from 6 April 2024. Read this article to find out whether an alphabet share structure is still beneficial.
Extracting further profits in 2023/24
Read this article to determine whether it would be beneficial to take further profits from your personal or family company before the 2023/24 tax year comes to an end.
Take advantage of the dividend allowance
Read this article to find out how to use available dividend allowances to extract profits from a family company #dividendallowance
Five tax-efficient ways to extract profits
Read this article to discover 5 tax-efficient ways to extract profits from a personal or family company #profitextraction #salary #dividends
Timing dividends right could help save tax
Timing the date of a dividend payment from a company can determine both the amount and the due date of the tax payable. This may be a particularly useful strategy in a close- or family-owned company.