CONTACT US

For any general inquiries, please fill in the following contact form:

Our websites never use cookies or other technologies such as pixel tags and web beacons. We only retain personal information when the contact section of our websites is filled. To proceed and get in touch with us through this format please read our Terms & Conditions, updated to be in line with the provisions of the GDPR, and tick this box to consent in us retaining the above information for contacting purposes only.

SUBMIT

Life is sweet... Lord Sugar paid himself £181m dividend ahead of last April's tax changes

Life is sweet... Lord Sugar paid himself £181m dividend ahead of last April's tax changes

By Sarah Bridge for The Mail on Sunday 

He is famed for his grumpy demeanour on BBC1’s The Apprentice, but Lord Sugar has given himself something to smile about.

The peer paid himself a £181million dividend, revealed by the latest filing from his Amshold Group, which owns property in London and the South East.

As befits a canny businessman, by taking the dividend ahead of last April’s tax changes, Lord Sugar saved himself £14million, but still paid around £58million tax on the bumper payout.

A spokesman told The Mail on Sunday: ‘Lord Sugar took advantage of the lower rate by taking a personal dividend prior to April 2016. For the avoidance of doubt, this dividend is not some offshore tax scheme. We wish to make it abundantly clear that Lord Sugar is paying the correct amount to the UK revenue as a UK citizen.’

Lord Sugar is the sole owner of Amshold Group, which has a £520million property portfolio and made £80million in pre-tax profits in the year to June 30, 2016.

http://www.dailymail.co.uk/money/markets/article-4097726/Life-sweet-Lord-Sugar-pays-181m-dividend.html


MORE NEWS

Is bitcoin growing up? Regulated futures boom as investors seek a safer ride

Is bitcoin growing up? Regulated futures boom as investors seek a safer ride
LONDON (Reuters) - When bitcoin was born it was a symbol of counterculture, a rebel currency with near-anonymity and a lack of regulation. A...

CRA signs secret settlement with wealthy KPMG clients involved in offshore tax scheme

CRA signs secret settlement with wealthy KPMG clients involved in offshore tax scheme
Watchdog group accuses the Liberals of covering up the KPMG affairThe Canada Revenue Agency has once again made a secret out-of-court ...

Companies avoid £100bn in tax through 'spider's web' of offshore havens

Companies avoid £100bn in tax through 'spider's web' of offshore havens
Four of the top 10 places branded tax havens by campaign group Tax Justice Network have strong UK linksBig companies are avoiding an ...

Who's behind the blog

Who's behind the blog

SOCIAL MEDIA