Originally posted by Bluebird
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Can I buy and company rent from myself?
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Originally posted by TheFaQQer View PostYes.
so where's the benefit ?Cenedl heb iaith, cenedl heb galon
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Business is going to pay someone, so why not it be you? OK, you pay more income tax, but you get more income that otherwise you would be paying to someone else.Originally posted by Bluebird View Postso where's the benefit ?
You get a guarantee of a tenant for the period of your contract, so as long as the company is paying you market rate, then why not?
Alternative is company rents from third party and pays them money. You rent to fourth party, and receive money from them that you pay tax on. In the middle of this is an estate agency / management firm (sometimes) taking money from you. As an intro to BTL, might not be a bad way to do it.Comment
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If you mortgage the flat then you can just match the rent to the interest and there's no profit so no tax to pay. If the contract is < 6 months and you have another home then there's no benefit to the employee.Originally posted by Bluebird View Postso where's the benefit ?
Seems like it should work (IANAA).Comment
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Why would you want to do that?Originally posted by johhnysalad View PostAside from the possible bad timing (top of market?), could I buy a flat near my gig, then use the company to rent it from me on a market rent?Don't ask Beaker. He's just another muppet.Comment
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