• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Are student loans repayed on Capital Gains??

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #11
    I've only got 280 posts (at a slower rate than you) but agree with everyone else.

    You don't get something for nothing.

    Death and taxes. OR follow HABs route out.
    Beer
    is proof that God loves us and wants us to be happy.
    Benjamin Franklin

    Comment


      #12
      Originally posted by joey122 View Post
      Another example of arse*ole forum members with 6K posts.

      If you dont want to contribute then GET STUFFED madmad
      We do contribute Joey. I'm sure if you asked nicely someone could probably code you a stupid question generator to save you logging on at all.
      ǝןqqıʍ

      Comment


        #13
        Google is my frend. And I didnt eeven go to kollij.

        http://www.direct.gov.uk/en/Educatio...98/DG_10034871

        Didn't anyone tell you this stuff when you applied for the loan?
        My all-time favourite Dilbert cartoon, this is: BTW, a Dumpster is a brand of skip, I think.

        Comment


          #14
          Originally posted by oracleslave View Post
          I'd love to help you out Joey. Do you remember which way you came in?
          <copies>, <pastes>

          Thank you, OS. I expect I can find uses for that.
          My all-time favourite Dilbert cartoon, this is: BTW, a Dumpster is a brand of skip, I think.

          Comment


            #15
            Originally posted by RichardCranium View Post
            Google is my frend. And I didnt eeven go to kollij.

            http://www.direct.gov.uk/en/Educatio...98/DG_10034871

            Didn't anyone tell you this stuff when you applied for the loan?
            I looked at that and there was nowt about capital gains.

            CGT is important becuase closing the company down and doing entrepenuers relief is classed as CGT.

            Yes HMRC can see through that but its completely above board

            Comment


              #16
              Originally posted by joey122 View Post
              I looked at that and there was nowt about capital gains.
              There doesn't need to be. Does this sum it up:

              "If you have unearned income from stocks, shares and savings or other sources, you will be required to calculate any student loan repayments due through Self Assessment in addition to any repayments which are deducted through PAYE."

              It seems to me that by whatever means you get money from your LtdCo, that money will be determined to be income that can be used in the student loan repayment calculations.

              Originally posted by joey122 View Post
              CGT is important becuase closing the company down and doing entrepenuers relief is classed as CGT. Yes HMRC can see through that but it's completely above board
              Good luck with that.
              My all-time favourite Dilbert cartoon, this is: BTW, a Dumpster is a brand of skip, I think.

              Comment


                #17
                Originally posted by joey122 View Post
                Please say in one sentence what you think is so wrong?

                And I am not blaming Uptons - Its partly my fault and getting a face to face with them is not straightforward
                Joey - can I call you that - or do you prefer Mr Deacon?

                Anyway, don't let my sub-5000 post count put you off, but you are undeniably a fkwt.

                HTH.
                Last edited by Clippy; 13 December 2009, 22:12.

                Comment


                  #18
                  Originally posted by joey122 View Post
                  Please say in one sentence what you think is so wrong?

                  And I am not blaming Uptons - Its partly my fault and getting a face to face with them is not straightforward
                  "I was under the impression...37k divdends" etc

                  Sounds like you are blaming Uptons for that.

                  You clearly do not even understand the basics of taking small salary, plus divdends route. I am 99.9% sure Uptons did not lead you down that garden path.

                  Comment

                  Working...
                  X