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Yes I have an accountant, I’ll discuss the options with them

Please note this is a commercial premises

Sorry my understanding was that if property was held in company you’d pay 33% cgt on rental income.There is an upside to the 10% and potential when leases that were drawn up 10 years ago come up for renewal.

I’m currently looking at buying a commercial property with tenants in place and currently returning a 10% yield on it. Would I have to pay capital gains tax on the full rental income or would I be able to offset repairs, depreciation etc…. Against this income?

I’m self employed company director mid 40’s.I set up pension a few years ago putting in lump of €50k and have been paying in €1500 per month all funded by company and was based on the salary I was paying myself.The last few years I had built up cash funds in company so I decided to pay myself a...

Thanks for advice, loan was taken out from company and is less than 10% of assets. I’ll make steps to put this through PAYE system and just pay tax on it. Point taken not to mix personal and company. Thanks

I took out 25k out of my business in March to put into an investment which I had hoped would produce a good return before year end and was then going to put money back into business. It now turns out my investment will be more of a medium term project with my return being bigger than I first...

I’m currently invested in Uk company which has been going through a takeover process. Recently it indicated to market instead of a full takeover it is in negotiations sell substantially al it’s assets with a view to continuing in business afterwards as as scaled down business. It would pay a...

I’ve made a substantial Paper profit from Tesla shares, I’m invested since 2014 and now have decided to top slice. I’ve been doing research on another of Musk’s ventures Space X. Their satellite broadband could be the future of broadband. Is there any way you can invest Pre IPO? They have sold...

Apologies yes it is a limited company and I’m the sole shareholder. In the past I have loaned the business money from my personal accounts and taken it out again, now I want to take it out but will be in position to return it but after my financial year end.

I currently have a significant amount of cash sitting in my business current account. An investment opportunity has come up which requires about 50k cash. In a personal capacity I wouldn’t be able get my hands on this for about 6 months.(a property on the market which will take time to close)...

I have a comprehensive motor policy for all my work vehicles. Last night 1 of these was left unlocked and someone went into it and tried to burn it out. Thankfully they failed but left a lot of smoke damage and destroyed the passenger seat as well the roof of the internal roof of the vechicle...

Hi I have a limited company trading for the last 7 years. The accounting firm that does my returns is a distant relative and I'm starting to think he is screwing me. We have a turnover of just under 800k and I employ a accounts person who manages all my accounts, does vat,paye etc. She has...

My wife bought a sofa nearly five years ago.(pre marriage)She paid over €1200 at time and was told although not leather it was Eco leather and this is on receipt. Recently the sofa has started to peel and when she went back to the retailer she was told she had no come back and a repair would not...

I am presently in a lease of 4 Years 11 months which is coming to an end in a few months.My property is with a Nama developer.I recently contacted him to get contract extension for about the 5th time but he keeps fobbing me off said he'll sort it closer the time lease is up.This morning he...

Filled out form 11 last year for rental income. I had no liability as I had a large bill for medical expenses which meant I was due a rebate. It is over six months and have not received any corespondence from revenue. Have I to fill in any additional form to get my rebate?

Hi I am a vat registered business owner,I have just started suppying laminate flooring(not fitting)What is the Vat rate on this?I am finding it hard to get straight answer.

If all parties against what is being done write letters stating that we will not agree to transfer our portion of the land unless the land is sold jointly by both auctioneers. Can the solicitor not put stop to auction if he knows parties to the property are unwilling to transfer their portion of...

Sorry my uncle was not married and had no kids. He lived alone and farmed the land by himself with the only one getting an income from the land.