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