tax avoidance and evasion no longer exist
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  1. #21

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    Quote Originally Posted by hugebrain View Post
    I don't get it.

    I thought that the 7.5% dividend tax didn't apply to ISAs, and lower CT won't help retained funds since you've already paid it at the prevailing rate?

    Of course the dividend tax will cause the stock market to plummet, so you could shift to a buy-to-let and save tax.
    You're correct. The dividend doesn't apply to investments held within an ISA nor does capital gains tax, or indeed any other income tax.

    Still worth putting as much as you can in and reinvest the dividends to build it up.

    I wouldn't rely on the Entrepreneur's Relief being available to PSC's in the long term.
    "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero

  2. #22
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    Quote Originally Posted by diseasex View Post
    Who said I'd ever liquidate the company? Asset stored in it can provide income till the rest of your life with little admin
    Nice idea, only problem is that if company become non-trading it could get exposed to some punitive taxation measures in the near future.

  3. #23

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    Quote Originally Posted by Waldorf View Post
    You're correct. The dividend doesn't apply to investments held within an ISA nor does capital gains tax, or indeed any other income tax.

    Still worth putting as much as you can in and reinvest the dividends to build it up.

    I wouldn't rely on the Entrepreneur's Relief being available to PSC's in the long term.
    This has always been my medium/long term objective, but if it didn't work out then I would retain funds in the Ltd and buy assets (property) to generate income.

  4. #24
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    Quote Originally Posted by ChimpMaster View Post
    This has always been my medium/long term objective, but if it didn't work out then I would retain funds in the Ltd and buy assets (property) to generate income.
    Now that's very dangerous - that kind of companies will be heavily taxed for sure, very very soon

  5. #25

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    Quote Originally Posted by AtW View Post
    Now that's very dangerous - that kind of companies will be heavily taxed for sure, very very soon


    why?

    Don't property trading companies already exist?

  6. #26
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    Quote Originally Posted by ChimpMaster View Post
    Don't property trading companies already exist?
    Property trading is not the same as getting rent income from owned properties wrapped into an Ltd.

  7. #27

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    Quote Originally Posted by ChimpMaster View Post


    why?

    Don't property trading companies already exist?
    It doesn't matter... for any value of X AtW's comment is "X will be very heavily taxed very soon"
    Quote Originally Posted by MaryPoppins View Post
    I'd still not breastfeed a nazi
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    Urine is quite nourishing

  8. #28

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    Quote Originally Posted by d000hg View Post
    It doesn't matter... for any value of X AtW's comment is "X will be very heavily taxed very soon"
    someone has to pay for the squirrel bridges.
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

  9. #29

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    Quote Originally Posted by AtW View Post
    Now that's very dangerous - that kind of companies will be heavily taxed for sure, very very soon
    Too much doom and gloom in your vision IMO. There will always be niches, ways to make income etc. That won't change. You don't need to buy rental property, you could build one yourself etc. All sorts of investment options available once you've accumulated enough.

    I'll keep on investing until it won't matter anymore

  10. #30

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    Quote Originally Posted by d000hg View Post
    It doesn't matter... for any value of X AtW's comment is "X will be very heavily taxed very soon"
    The latest was X = condoms. Something he will never have use for.
    I keep pushing forwards but they keep pushing me backwards. So I have new rules. 1. Don't feed the trolls you know they have no souls. 2. Don't respond to them they'll only post back back again. 3. Don't be their friend they'll only knife you in the back. I have new rules I count them.

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