Thanks Clubman, alot of very interresting points in that.
I'm particularly interrested in the pension idea.
Can someone explain inmore detail how it works.
does the director buy the property thru a pension fund??
Is the loan held personally
I don't really understand it fully.
Is this an option or is it the same thing
Director buys the property on interest only. Pays tax on profits (but for first ten yrs minimal tax as property is Sec 50).
The company builds up directors pension (Pension based mortgage)
At retirement the tax free lump sum will be used to pay off the loan and the balance can be drawn down as and when required.