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Divorce/separation

Here you'll find divorce help and support from other Mners. For legal advice, you may find Advice Now guides useful.

Stbxh contracting through ltd company…finances

27 replies

Waitthenwhat · 22/08/2021 10:20

My husband earns £1000/day contracting for a bank but all his earnings go through his ltd company and he only pays himself a small amount (~50k/year). My understanding is that he is keeping the money in the company to avoid a big tax bill. Can someone please help me understand how finances are split/seem by court? How is child maintenance calculated? Based on the 50k salary or daily rate?

OP posts:
FanSpamTastic · 23/08/2021 12:31

Surely the shares in the limited company are part of the assets arising within the marriage? Just go after 50% of the shares in the company - once you are a "shareholder" then you will be entitled to a proportion of whatever dividends he declares or can request that the company pay dividends from accumulated profits snd can stop the other shareholder from misappropriation of company funds.

He may just set up a new company though!

Waitthenwhat · 23/08/2021 12:46

That’s a very good point @FanSpamTastic!

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