Keep a flat or buy annuity?

kidmugsy

bigadaj wrote: »

It's a business expense, which you would, expect the comoany to reasonably mitigate as a partial business owner.

What do you mean?

bigadaj

kidmugsy wrote: »

What do you mean?

I mean as a shareholder you own part of the business.

Corporation tax is a cost the business must bear, but you would expect the comoany to reasonably reduce this where possible and where it isn't illegal and won't adversely impact other parts of the business.

Thrugelmir

bigadaj wrote: »

Corporation tax is a cost the business must bear, but you would expect the comoany to reasonably reduce this where possible and where it isn't illegal and won't adversely impact other parts of the business.

If you don't make a profit then there's no tax to pay. Perverse world when tax not the underlying business is the key driver.

bigadaj

Thrugelmir wrote: »

If you don't make a profit then there's no tax to pay. Perverse world when tax not the underlying business is the key driver.

Often the case though, at least in accounting terms.

Starbucks still seems the most bizarre outcome, avoid tax for many years, get caught out in a PR disaster and then volunteer to pay even more tax than you need to!

BobQ

Mrs_pbradley936 wrote: »

Really? I didn't know that. I thought if you owned more than one property then you had to pay the extra.

http://www.olswang.com/articles/2016/03/hmrc-issues-guidance-on-the-extra-3-stamp-duty-land-tax-for-additional-residential-properties/