Housebuilding in England hits lowest since 1946

abaxas

nollag2006 wrote: »

That's what I have a tax advisor for. No need to stress about these things. Life is too short ....


:beer:

If you run a limited company, I can guarentee at least 2 tax investigations over that 20 year term.

Enjoy! I know I dont....

Graham_Devon

nollag2006 wrote: »

That's what I have a tax advisor for. No need to stress about these things. Life is too short ....


:beer:

Sorry. I'm interested. Could you expand please?

You may have a tax advisor. But he's not a miricle man.

How do you plan to give the companies assets to your children while avoiding tax?

It's just...well, you know what I'm smelling?

abaxas

Graham_Devon wrote: »

tax?

It's just...well, you know what I'm smelling?

What nollag's !!! rock is cooking?

stonethrower

This is something that I cannot understand there are plenty of unemployed builders, house prices near all time, high population explosion about to happen, apparently finance is getting easier to come by and yet there are few houses been built. Something does not add up.

chucky

abaxas wrote: »

If you run a limited company, I can guarentee at least 2 tax investigations over that 20 year term.

Enjoy! I know I dont....

they're fine had one already - get insurance and make your sure your accountant is ready.

nollag2006 wrote: »

That's why I've bought them through a limited company - plenty of ways to get around these thing.

ask Graham how much CGT is for a Ltd Co and then for an individual... he won't like it :eek:

then ask him about how many expenses you can put through

then tell him your children can be directors so that when you sell the property they receive the income as a dividend and a small salary through the Ltd Co. much cheaper than paying tax through CGT or outside of the Ltd Co.

he'll change the subject once he know he's been found out (again) :T

Malcolm.

chucky wrote: »

they're fine had one already - get insurance and make your sure your accountant is ready.


ask Graham how much CGT is for a Ltd Co and then for an individual... he won't like it :eek:

then ask him about how many expenses you can put through

then tell him your children can be directors so that when you sell the property they receive the income as a dividend and a small salary through the Ltd Co. much cheaper than paying tax through CGT or outside of the Ltd Co.

he'll change the subject once he know he's been found out (again) :T

I thought you said it was difficult to avoid tax. Seems quite easy to me.

abaxas

chucky wrote: »

they're fine had one already - get insurance and make your sure your accountant is ready.


ask Graham how much CGT is for a Ltd Co and then for an individual... he won't like it :eek:

then ask him about how many expenses you can put through

then tell him your children can be directors so that when you sell the property they receive the income as a dividend and a small salary through the Ltd Co. much cheaper than paying tax through CGT or outside of the Ltd Co.

he'll change the subject once he know he's been found out (again) :T

And how exactly are you going to solve the corp tax when they are sold?

Also you are relying on the tax system remaining the same over 20 years, it changes.

Mr.Brown_4

chucky wrote: »

then tell him your children can be directors so that when you sell the property they receive the income as a dividend and a small salary through the Ltd Co. much cheaper than paying tax through CGT or outside of the Ltd Co.

You sound more like Richard Branson every day! Wonder why you are on here so much in your various guises? Researching your next big move maybe?

Graham_Devon

chucky wrote: »

then tell him your children can be directors so that when you sell the property they receive the income as a dividend and a small salary through the Ltd Co. much cheaper than paying tax through CGT or outside of the Ltd Co.

If you care to read what he was talking about....he was responding to myself about children. He stated he plans to give these houses to his children.

I've already talked about dividends, which was ignored.

You can try and make me look as silly as you like. I'm not interested in how much expenses you can put through the business.

I am merely interested on how he plans to "give" these properties to his children, which are the companies assets.

He has not talked about selling them. He has said "give them".

Maybe let him answer for himself. I'm interested, sounds like he knows something we all don't. However, I rather think the stench of bullshyte is too much to take.

chucky

abaxas wrote: »

And how exactly are you going to solve the corp tax when they are sold?

i always thought (actually I know) the corp tax and any other additional taxes was much cheaper than CGT as an individual

are you sure that you've thought about this and worked it out?

abaxas wrote: »

Also you are relying on the tax system remaining the same over 20 years, it changes.

that's a fair and valid point

however, if you feel that tax rules may change you have the advantage that you can sell the Ltd Co instead of selling the property and avoid the buyer paying stamp duty on the properties. i'd need to 100% check this but i'm pretty sure that you can.