Jimbob1234
Registered User
- Messages
- 1
I have spoke with my accountant who has suggested a couple of ideas including take the 40% hit on personal tax which just isn't tax efficient enough for us.
Hi Bank Manager.
That idea is not worth exploring.
One of the great tax free investments is buying your own home. The imputed rent is tax-free. The Capital Gains are tax-free.
So whatever about buying an investment property or one's own premises, one should never buy one's own home through a company.
Brendan
I’m finishing a pint here so this is a dangerous top of the head thought, but what if you each set up a self-administered pension, bought a residential property through it, and then your scheme rented its property to your partner and vice versa?
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