cousin_borat
Registered User
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- 92
If this should be in the askaboutbusiness forum then apologies.
I have recently started trading with my company which was formed last year. I left my last contract in October 2007 where I was working abroad as a contractor. I'm now based in Ireland. Hence no P60' for 06/07.
Status
Single, late twenties with another mortgage 150k with the ACC, parent as Guarantor. No other debts. Director of a Ltd company with myself as the sole full time employee and 6 contractors.
Seeking
Owner occupier. 2 bed appartment in Dublin. Circa 250-300k. I have 40k to put down in cash.
As a self employed individual I am paying myself a salary below the 21% Tax Band. Taking expenses, subsistence etc out of the company to supplement this.
My question is whether there is anyone else in a similar position. I.E. they have recently formed a company and are hobbled in terms of getting a mortgage? They are looking for at least a P60 showing 60k+ per annum. This is simple not efficient from a tax perspective.
What did you do? Are there other options? I really am not going to go to a sub prime lender. It's not all bad since I'm really maxing out my pension contributions through the company. However it is frustrating with the good value in appartments.
I have recently started trading with my company which was formed last year. I left my last contract in October 2007 where I was working abroad as a contractor. I'm now based in Ireland. Hence no P60' for 06/07.
Status
Single, late twenties with another mortgage 150k with the ACC, parent as Guarantor. No other debts. Director of a Ltd company with myself as the sole full time employee and 6 contractors.
Seeking
Owner occupier. 2 bed appartment in Dublin. Circa 250-300k. I have 40k to put down in cash.
As a self employed individual I am paying myself a salary below the 21% Tax Band. Taking expenses, subsistence etc out of the company to supplement this.
My question is whether there is anyone else in a similar position. I.E. they have recently formed a company and are hobbled in terms of getting a mortgage? They are looking for at least a P60 showing 60k+ per annum. This is simple not efficient from a tax perspective.
What did you do? Are there other options? I really am not going to go to a sub prime lender. It's not all bad since I'm really maxing out my pension contributions through the company. However it is frustrating with the good value in appartments.