Housebuilding in England hits lowest since 1946

chucky

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.

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.

i'm simply educating you - you obviously don't like that.

sorry, we can talk about what you want to discuss now and nothing else.

Graham_Devon

StevieJ wrote: »

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

When he said:

nollag2006 wrote: »

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

I could only assume he is talking about getting round tax. In the above scenario, he would be handing over the business. The kids could then not just do what they wanted to, and like he says, STR if they wanted to.

So although yes he can do this, it doesn't add up in the sense of what he originally posted.

The kids would just be ladened with the assets, and also the tax, and also the costs of splitting the company etc.

In this case, i.e. the 7 year case, would be simpler to have a normal BTL portfolio and hand over ownership to the kids, and hope the 7 years thing don't happen.

Graham_Devon

chucky wrote: »

i'm simply educating you - you obviously don't like that.

sorry, we can talk about what you want to discuss now and nothing else.

If you really want to educate, just answer the question. How would nallag do what he has said he would. In a way which allows them to "STR" if they want to.

Really simple question for you chucky. Waiting to be educated.

chucky

Graham_Devon wrote: »

If you really want to educate, just answer the question. How would nallag do what he has said he would. In a way which allows them to "STR" if they want to.

Really simple question for you chucky. Waiting to be educated.

he was being sarcastic, it obviously doesn't come over very well on here - he wouldn't want his kids STRing. he's constantly laughing at them on here.

you hang on to that little hope of catching someone out boasting about it on other threads.
well done you - you obviously need it.

chucky

Malcolm. wrote: »

Didn't School work for you........?

just don't ask him where the Netherlands are or what country Amsterdam is in...
it will just confuse him...

Mr.Brown_4

Hey I am an expert! Just Googled a load of stuff on LTD companies, tax avoidance, BTL and inheritance tax.

Now I can pretend I am rich!!

Graham_Devon

chucky wrote: »

he was being sarcastic, it obviously doesn't come over very well on here - he wouldn't want his kids STRing. he's constantly laughing at them on here.

you hang on to that little hope of catching someone out boasting about it on other threads.
well done you - you obviously need it.

Oh right, that was sarcasm. Yeh...ok.

Thanks for the lesson chucky! It was most useful in answering the specific question I asked, regarding the hand over.

I've also learnt how to totally ignore bits of questions that don't suit.

You sir, are a genius.

Mr.Brown_4

Malcolm. wrote: »

Sour grapes?

Nah, just bullsh1t. How about yourself?

chucky

Mr.Brown wrote: »

Hey I am an expert! Just Googled a load of stuff on LTD companies, tax avoidance, BTL and inheritance tax.

Now I can pretend I am rich!!

you need money to be rich.

that's obviously where you went wrong then :eek:

Mr.Brown_4

chucky wrote: »

you need money to be rich.

that's obviously where you went wrong then :eek:

Not on here you don't :rotfl:

Just Google and a load of cut and paste. Looks good on paper - lol.