Can my Ltd co. pay for conservatory in my house.

[ratewhore]

So you are not going to build yourself a conservatory because you don't want to pay the tax on any divvies in the HR tax band?

That is sad...

[b0redom]

Not as sad as considering building it yourself when you clearly have no building knowledge or experience. Are you Wilmslow?

[ratewhore]

Not as sad as considering building it yourself when you clearly have no building knowledge or experience. Are you Wilmslow?

No, Polish. Job done...

[css_jay99]

So you are not going to build yourself a conservatory because you don't want to pay the tax on any divvies in the HR tax band?

That is sad...

not because i want to save tax on div, but because i dont want to pay builders for the job if ordinary people like me can attempt the build themselves.

haven't u heared of credit crunch?


css_jay99

[MPwannadecentincome]

not because i want to save tax on div, but because i dont want to pay builders for the job if ordinary people like me can attempt the build themselves.

haven't u heared of credit crunch?


css_jay99

Surely better to spend the time on a second contract - charge by the hour you can put the extra towards the conservatory? That way you work on what you are good at rather struggling with the conservatory build, getting frustrated with it and then not finishing it.

[original PM]

ok in a similar vain

My co needs a car

I have a car

I sell my co my car

I then use the car (benefit in kind) 95%+ of the use will be buiness miles

I am going to be better off in the long run or is it better to keep the car and claim 40p per mile?

or am I talking rubbish

[ratewhore]

ok in a similar vain

My co needs a car

I have a car

I sell my co my car

I then use the car (benefit in kind) 95%+ of the use will be buiness miles

I am going to be better off in the long run or is it better to keep the car and claim 40p per mile?

or am I talking rubbish

When you have a co car, do you know what a royal pita it is to work out your mileage claims?

[tim123]

But doesn'y your company then own a proprtion of the house? So at sale time you have to pay CGT?

Yep,

But not only that, you will have to pay back into the company the value of that proportion of the house represented by the conservatory.

The idea that the company can pay for this item and that it then magically becomes the property of the individual is naive.

tim

[Mart001]

But doesn'y your company then own a proprtion of the house? So at sale time you have to pay CGT?

only a problem if the house is going to be sold.

[TheFaQQer]

only a problem if the house is going to be sold.

Which it eventually will be.

Plus, there is the other side of the coin - if the company is closed then you need to value the property and buy it (I think).