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Mortgage Advice

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    #21
    Originally posted by el duder
    nah just bored.

    well this place is set in the quintessintial british countryside.
    Wales?
    I've seen much of the rest of the world. It is brutal and cruel and dark, Rome is the light.

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      #22
      Originally posted by el duder
      nah just bored.

      well this place is set in the quintessintial british countryside.

      I actually like this guy...he's honest.

      Bored in IT !! me too !!!!!!!

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        #23
        Come home to a real fire,

        Buy a cottage in Wales
        "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

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          #24
          Originally posted by DaveB
          Come home to a real fire,

          Buy a cottage in Wales

          when in the 1980's was that first said ?

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            #25
            it was on Not the Nine O'clock News

            Milan.

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              #26
              Originally posted by Andyw
              and do you know how much the stamp duty is on 195k ?
              £1950 pretty reasonable actuallly compared to a £250,000 place that would cost you £7500.....

              Originally posted by Andyw
              I know renting is 'dead' money but if your new business plans go tits up you may not want equity and then get creditors taking your newly acquired residence !
              LTD company means they can't touch his assets unless he is renting his house out to his LTD Co, in which case they could make a case that the LTD company owns a proportion of the house and take money to the value of the proportion of the property the LTD Co owns.

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                #27
                Originally posted by Ardesco
                £1950 pretty reasonable actuallly compared to a £250,000 place that would cost you £7500.....



                LTD company means they can't touch his assets unless he is renting his house out to his LTD Co, in which case they could make a case that the LTD company owns a proportion of the house and take money to the value of the proportion of the property the LTD Co owns.

                Thats not strictly true...if you owe money to the IR they can come after you personally even though you trade through a ltd co.

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                  #28
                  Yes if YOU owe money to the IR, not if your LTD company owes money to the IR. If you don't pay the relevant tax on the money you take out of your company you're a twat and deserve everything you get.

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                    #29
                    Originally posted by Ardesco
                    Yes if YOU owe money to the IR, not if your LTD company owes money to the IR. If you don't pay the relevant tax on the money you take out of your company you're a twat and deserve everything you get.

                    Wrong!, under the compliance laws, if you, as director, have deemed to not to ensure the company hasnt made the correct contributions YOU will be liable. If you dont beleive me check it out.

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                      #30
                      If you mean you are liable if you commit fraud, then yes, but again if you commit fraud you are a twat.

                      If your company goes tits up depite your best efforts to keep it running you are not liable for anything

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