@abihookwayproperty: How you can limit taxes as a business owner 📈🏠 #business #businessowner #wealth #uktax #tax #corporatetax #savingmoney #businesstips #moneysavingtips
Your still liable for the corporation tax on the two £75,000 . Property isn’t tax deductible
2024-02-20 21:19:51
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Springy232 :
Do, you’ve not actually taken the profits out of the company then. You’ve just invested in property purchases within the company
2024-04-11 23:06:13
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J E N N Y M A R R I N E R 🤍 :
Do you not get taxed on the rental income? X
2024-02-21 16:17:24
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alanshepherd476 :
Can only buy within the limited company if it’s specifically set up to buy and sell or let property.
2024-02-21 23:13:08
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Billypomp :
So how do you draw out the 100k ‘for living’ without it being corp tax and div tax?
2024-03-07 21:11:37
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Javed Edahtally :
In all cases. If you have earned 250k through your business you will need to pay CT on the profit £250k. Property is not considered an expense to offset CT. Is it Abi?
2024-03-07 09:38:32
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Jhuzz :
The only anomaly in your suggested method is that your 250k is that whether you take or leave it in the company, you would pay CT anyways. 👍
2024-02-24 22:44:54
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