D dm007 Guest 4 Apr 2006 #1 What are peoples thoughts on the best way to purchase property abroad? Is it in anyway tax efficient to set up a LTD company and use that as a vehicle for purchasing/managing properties?
What are peoples thoughts on the best way to purchase property abroad? Is it in anyway tax efficient to set up a LTD company and use that as a vehicle for purchasing/managing properties?
N Niall M Registered User Messages 140 6 Apr 2006 #2 I dont think that is a good option, the problem is how one gets the moeny out of the company. In short, you would probably have to take monies out by way of a salary, thus paying tax on any profits at 42% probably, rather than a 20% CGT.
I dont think that is a good option, the problem is how one gets the moeny out of the company. In short, you would probably have to take monies out by way of a salary, thus paying tax on any profits at 42% probably, rather than a 20% CGT.