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Buying residential property under Limited Company

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    #41
    Individuals are taxed on income generated not studying status

    I know it's a fair way off, but I do want my kids to go to University, and intend they work for one of my companies during that time, earning an income.......while classified as students, and taxed as such! Again, I'll be talking this over with my tax guy....

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      #42
      Originally posted by blinko View Post
      Individuals are taxed on income generated not studying status
      <pedant>Actually, they are taxed on income received, not generated.</pedant>
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        #43
        Originally posted by Sockpuppet View Post
        Students are taxed the same as normal people...
        There are schemes that can be used while studying, but that's getting a little off topic.

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