Housebuilding in England hits lowest since 1946

abaxas

chucky wrote: »

i always that 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?

21% innit...and no taper relief style thing.

chucky

abaxas wrote: »

21% innit...and no taper relief style thing.

yep - not sure how long it will be valid for though

you could always move abroad and have the Ltd Co as a non-dom

PCG has loads of good stuff on it - aren't you with them?

Graham_Devon

chucky wrote: »

you could always move abroad and have the Ltd Co as a non-dom

You could, but thats not gonna help his kids is it.

Anyway as nollag has run, I guess this is pretty much wrapped up.

chucky

Graham_Devon wrote: »

You could, but thats not gonna help his kids is it.

Anyway as nollag has run, I guess this is pretty much wrapped up.

good deflection but no

the non-dom comment was about taking cash out of a Ltd Co as an individual to Abaxas

i've explained how his kids can benefit - you obviously missed it in on purpose or refused to understand it.

Spiv_2

[SIZE=-1]LONDON (Reuters) - Housing completions in England fell by almost a fifth in 2009, government figures showed on Thursday, taking them to less than half the level economists say is needed to keep up with demand.[/SIZE]
[SIZE=-1] [/SIZE] [SIZE=-1]Just 118,000 homes were built last year, the lowest total since 1946, according to the Royal Institution of Chartered Surveyors, and 17 percent lower than in 2008.[/SIZE]
[SIZE=-1] [/SIZE] [SIZE=-1]"The latest figures are disappointing and underline the continuing difficulties facing the construction industry," said RICS senior economist Oliver Gilmartin.[/SIZE]
[SIZE=-1] [/SIZE] [SIZE=-1]"Housing starts are running at more than 50 percent below what is needed to satisfy projected household growth according to the government's own estimates," he added.[/SIZE]
[SIZE=-1] [/SIZE] [SIZE=-1]
[/SIZE]

http://uk.biz.yahoo.com/18022010/325/housebuilding-england-hits-lowest-since-1946.html

abaxas

chucky wrote: »

yep - not sure how long it will be valid for though

you could always move abroad and have the Ltd Co as a non-dom

PCG has loads of good stuff on it - aren't you with them?

Lost interest after a former 'mate' went doen the Gernsey route, then got hit with pentalties etc.

Bascially it's ineffiecent to avoid too much tax, it costs more to get people to avoid it than you get via the avoidance!

StevieJ

Graham_Devon wrote: »

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.
.

No expert here but why can't he just pass over the Ltd company shares and hope to live seven years.

Malcolm.

Graham_Devon wrote: »

You could, but thats not gonna help his kids is it.

Anyway as nollag has run, I guess this is pretty much wrapped up.

I'm glad there's sensible people like you on here.

StevieJ

Spiv wrote: »

http://uk.biz.yahoo.com/18022010/325/housebuilding-england-hits-lowest-since-1946.html

Sorry what is this adding to the OP?

chucky

abaxas wrote: »

Lost interest after a former 'mate' went doen the Gernsey route, then got hit with pentalties etc.

Bascially it's ineffiecent to avoid too much tax, it costs more to get people to avoid it than you get via the avoidance!

i agree it is risky - it's just an option for the future.

an ex-colleaugue of mine did his through a company in Zimbabwe, another in Malta.
one ended up with a 4% tax rate - it was all too risky for me and not worth the risk