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Corporation Tax??
peaches67
Posts: 39 Forumite
I wonder if anyone can help me?
If a company buys a house for me until I have sold my own house, then I pay them back when I get a mortgage for the new hose, would they have to pay corporation tax on this?
If a company buys a house for me until I have sold my own house, then I pay them back when I get a mortgage for the new hose, would they have to pay corporation tax on this?
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Comments
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I think it would count as a 'benefit in kind'. I think you might be taxed on it personally rather than the company, but how it works I don't know.
For the company to pay tax on it, it would have to profit from the deal.
There is a 'cutting tax' board. You should definately ask there coz I'm really rubbish at tax
I signed off my accounts today, I don't really understand them although the big figures make sense 
Everything that is supposed to be in heaven is already here on earth.
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