RE: Need legal advice?

["BUTLER, Tony, FM" <tony.butler@xxxxxxx>]

> Each pound spent gives you a percentage of the dividend, so 
> someone who
> spends nowt gets nowt and someone who spends 10 grand gets 10 
> times as much
> as someone who spends 1 grand.

Des,

If the group go down a formalised structure with a legal entity
incorporated
for bulk buys, I don't know how workable this would be.
I think a lot of umbrella IT contractor companies work on the basis of
every
contractor being given an different type of share and when they want to
take
a dividend, a dividend is declared only on that type of share - so I
wouldn't have to wait until everyone else was ready to do a divi in order
to
get my money, and I would not share in the profits of the other
contractors
as they wouldn't in mine.
You'd probably have to try to do a similar sort of thing here, but it
would
be a nightmare to administer.
Also, you would be taxed on the dividend so the Revenue would really be
shafting you!
Taxed on your earnings
Taxed on your savings
Taxed when you use your savings to buy a HA toy and then recover the
excess
in the form of a dividend :(

Oh yes, the IR would _love_ you :D

Tony


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