2- taking the money out of the company I would imagine would cost me significantly in tax?
This may come from my early reading and implementation of advice (wrongly or rightly) from the rich dad poor dad series by always operating in a company to save yourself taxes etc
I know it all must be relevant to the country you operate in and his advice is very US centric.
This is indeed true but a major factor here for us is that whilst its profitable its also seasonal and volatile- hence again the motivation for an element of residual/guaranteed income regardless of our business cycles.
However, the professional advice we were given was that say in 8 years time, we would go non resident for a period of 2-3 years as we spend most of our time on business trips anyway, then we would liquidate the company and generate the revenues from it legally tax free.
The sale of shares will be subject to CGT if the value is derived from property in the state irrespective of the residence of the disposer.
Can i borrow tax free from family members to purchase the properties?
T
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