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Ribenapigeon |
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Ribenapigeon Super Spammer
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BTTD |
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BTTD World Chat Champion
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Rogerborg |
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Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
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Posted: 14:57 - 29 Nov 2017 Post subject: |
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Skip to the end, what wheeze are you planning to pull? ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
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colink98 |
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colink98 Could Be A Chat Bot
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Itchy |
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Itchy Super Spammer
Joined: 07 Apr 2005 Karma :
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Posted: 15:16 - 29 Nov 2017 Post subject: |
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Yes it is possible.
The question is why would you do such a thing?
Off my head in no particular order:
Corporations by their nature can vanish in a puff of smoke and have limited liability. This means loans to companies have higher interest rates to cover for this possibility.
Ltd companies pay corporation tax even on dividends.
Ltd companies have tax relief of about 20%. OTOH private individuals and landlords get tax relief on loan interest at their marginal rate of tax (this is being tapered to 20% by 2019).
Oh and you have to do numerous returns each year that cost money if you fail to file them on time. ____________________ Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching. |
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Freddyfruitba... |
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Freddyfruitba... World Chat Champion
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The Shaggy D.A. |
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The Shaggy D.A. Super Spammer
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Ribenapigeon |
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Ribenapigeon Super Spammer
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MarJay |
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MarJay But it's British!
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Itchy |
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Itchy Super Spammer
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Posted: 17:26 - 29 Nov 2017 Post subject: |
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It happens.
Somebody I know does a similar rental scheme scam the thing is though you need three participants else it doesn't work. Plus all it really does now is defer the tax and or income as if you choose to keep it as retained earnings there is no way to get it out.
Dividend it to yourself and other partner and you pay non corporate dividends.
This is then income which is taxable so you're paying tax three times. ____________________ Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching. |
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Ribenapigeon |
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Ribenapigeon Super Spammer
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Freddyfruitba... |
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Freddyfruitba... World Chat Champion
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Nobby the Bastard |
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Nobby the Bastard Harley Gaydar
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Ribenapigeon |
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Ribenapigeon Super Spammer
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Rogerborg |
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Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
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Posted: 20:08 - 29 Nov 2017 Post subject: |
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It is actually a fair point that benefits paid to you will only cover your interest payments to the bank, but benefits paid to a landlord will cover their interest, and the capital, and profit on top.
Talk about a perverse incentive. ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
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Andy_Pagin |
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Andy_Pagin World Chat Champion
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Itchy |
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Itchy Super Spammer
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Ribenapigeon |
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Ribenapigeon Super Spammer
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BTTD |
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BTTD World Chat Champion
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smegballs |
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smegballs World Chat Champion
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grr666 |
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grr666 Super Spammer
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Jmoan |
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Jmoan Brolly Dolly
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Old Thread Alert!
There is a gap of 3 years, 53 days between these two posts... |
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JackButler |
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JackButler Traffic Copper
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Nobby the Bastard |
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Nobby the Bastard Harley Gaydar
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Nobby the Bastard |
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Nobby the Bastard Harley Gaydar
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Old Thread Alert!
The last post was made 3 years, 60 days ago. Instead of replying here, would creating a new thread be more useful? |
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