Just reading how share buy backs, used by the like of Apple, can be more tax efficient than dividends. That being the case, how long will it be before some chancer dreams up a myco ltd scheme attempting to use the same mechanism? 
-
Down with racism. Long live miscegenation! -
You buy them back from yourself?
-
Aha. At an over inflated price, and therefore reducing corp tax!Originally posted by tazdevil View PostYou buy them back from yourself?
Down with racism. Long live miscegenation!Comment
-
That’s the kind of thinking I’d expect from a London Project Manager Now Tax Dodging in Switzerland.Originally posted by NotAllThere View Post
Aha. At an over inflated price, and therefore reducing corp tax!
Hold on, you’re in Switzerland, aren’t you……Maybe we ain’t that young anymoreComment
-
Transactions in Securities is a thing…Comment
-
Wondered why he was so f*88ing stupid.Originally posted by WTFH View Post
the fact he’s a PM explains itmerely at clientco for the entertainmentComment
-
-
Aha! So you're as stupid as London Project Manager Now Tax Dodging in Switzerland! Although saving grace, you found the answer yourself as to why it doesn't work.Originally posted by Lance View Post
Down with racism. Long live miscegenation!Comment
-
That's a little harsh.Originally posted by NotAllThere View Post
Aha! So you're as stupid as London Project Manager Now Tax Dodging in Switzerland! Although saving grace, you found the answer yourself as to why it doesn't work.
From the very first thought I was sure it wouldn't work. I was merely intrigued as to why.
See You Next TuesdayComment
-
The basics of it is that you don't actually extract any money when the company buys back the shares... it just increases the value of the shares, you still need to sell them onto to someone else... which just isn't available as an option in any legal reasonable way to a 1 or 2 (in case of spouses) person contractor LTD as a means of distributing profit... and even if it was... the share buyback itself would do nothing as you own 100% of the shares anyway and their value is directly 1 to 1 value to net assets in company.Last edited by jayn200; 4 October 2021, 17:58.Comment
Comment