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Unearned income from rental property

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Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    londonTiger wrote: »
    Oh right sorry. I'm wrong on this.

    I studied taxation in 2006 where the corp tax may have been 30%.

    My company isn't in profit yet. (Growth phase reinvesting every penny back into business), so never had to pay corp tax but was advised by accountant dividends aren't taxed for me.



    get a better accountant
  • londonTiger
    londonTiger Posts: 4,903 Forumite
    CLAPTON wrote: »
    get a better accountant

    Might to that.

    So for OP there is no income tax advantage of being a limited company if OP intends to pay 100% dividends? and has to bear the cost (and time) of accounting for a limited company on top of that.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    londonTiger wrote: »
    Might to that.

    So for OP there is no income tax advantage of being a limited company if OP intends to pay 100% dividends? and has to bear the cost (and time) of accounting for a limited company on top of that.



    I didn't say that .
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