Paying private school fees via Ltd Company
Does anyone know if it's possible (tax efficiently) to pay private school fees via a Ltd Company? My client runs her own business and her and her husband are the only shareholders. Currently they pay school fees from post tax income.
I think if the Ltd Company pays the school fees direct they would not be a tax deductible expense for Corporation Tax (not even sure if the Ltd Company could pay direct to be honest!).
Could shares be gifted to the children and then dividends be paid to them to use their personal allowances?