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Reply to: How is this scheme?

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Previously on "How is this scheme?"

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  • jmo21
    replied
    I'm sure similar has been discussed before.

    I think the gist is this changes the classifcation of your company to being an investment vehicle or something like that.

    Leave a comment:

  • bf2
    started a topic How is this scheme?

    How is this scheme?

    How is this for an income generating scheme on your company cash attracting the minimum (i.e. zero) tax liability?

    1. Open a share trading account for the limited company.
    2. Buy high-dividend, well-diversified and low TER ETFs, preferably when the market is depressed - so you are not paying over the odds.
    3. Enjoy the dividend income - no corp tax payable.
    4. Never sell - no CGT payable.
    5. If the market collapses, buy more. These are ETFs, not individual stocks, so they won't go bust.

    These are company assets. You can pass them on to your children if you wish when they are adult - simply make them directors - and they have an income stream for life.
    Tags: None

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