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  1. Replies
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    I’m with Halifax and always product transfer with...

    I’m with Halifax and always product transfer with them because I no longer meet criteria so in effect a mortgage prisoner

    Halifax intermediary rates are 1.2% 60% ltv 2 year fixed but you still...
  2. Buying property now is foolish Check...

    Buying property now is foolish

    Check chimpmaster and my posts on this subject and you will see that taking money out of business A is the best way to go rather than changing sic code because of...
  3. Many thanks ILiketax - very helpful - And thank...

    Many thanks ILiketax - very helpful - And thank you eek for explaining that income tax to CG has been tried many times - I do realise that but I am in a very blessed position where I can take...
  4. I m more interested in applying reasoning and...

    I m more interested in applying reasoning and logic to come to conclusions you see rather then fanciful thinking

    That is why I gave you an example clearly of a disposal being done for tax...
  5. Im not following you at all I move property...

    Im not following you at all

    I move property from MyName to CompanyA and that is fine because different entities

    I move ownership of shares (by way of sale) of companyA from MyName to CompanyB...
  6. Fair enough - However in my scenario where I sell...

    Fair enough - However in my scenario where I sell CompanyA shares to companyB both stamp duty at 0.5% and CGT are also levied. The only difference is CGT in both jurisdictions is zero and 0.5% is a...
  7. Im keen to understand Ramsay because that could...

    Im keen to understand Ramsay because that could be applied to anything and as I already asked about the well known tax dodge of moving personal property from personal name to Ltd to avoid S24 tax -...
  8. Well in my case the reasoning is simple - If I...

    Well in my case the reasoning is simple - If I take dividends I do not pay UK tax but I do have to pay Swiss tax

    If however it is a CGT then I do not pay UK tax or swiss tax. So if there was a...
  9. I am aware of the cgt consequences. There is no...

    I am aware of the cgt consequences. There is no profit attributable to cgt increase since purchase. It’s the retained profit from years of contracting that is at stake

    I am selling shares held in...
  10. If it was cash I would MVl and close the ltd

    If it was cash I would MVl and close the ltd
  11. Does there really need to be a commercial...

    Does there really need to be a commercial purpose? Might more share capital be the answer

    The reason for doing this is obviously to sell shares held in my personal name to the new company and...
  12. Replies
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    You can do this but you run the risk of the tax...

    You can do this but you run the risk of the tax rules changing as well as admin costs. I wish I had taken advantage of MVL before I left the UK but it depends on retained funds I suppose
  13. I do like zerosums attention to detail and...

    I do like zerosums attention to detail and creativity

    I can tell you what I am thinking as I am in a similar position

    1) Have a large warchest in UK which remains in company as retained profit...
  14. Thank you James brown. This is my understanding...

    Thank you James brown. This is my understanding as well

    Blaster area above indicated that this might not be the case for one man band companies who had worked and retained profits. Do you know if...
  15. Replies
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    If you are out of Uk non resident there is no...

    If you are out of Uk non resident there is no dividend tax to pay to hmrc. I think but I’m not sure about the five year rule for divis. It definitely applies to proprietary cgt (the five year rule)....
  16. Replies
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    Also worth pointing out that dividends from your...

    Also worth pointing out that dividends from your uk ltd IS TAX FREE if non uk tax resident meaning if you move away rom UK you can declare a dividend with no further UK tax to pay - Of course local...
  17. Replies
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    I am director and shareholder and outside the Uk ...

    I am director and shareholder and outside the Uk

    The ltd also employs one person who manages the company and is basically the contact person (there are some rental income that are collected and...
  18. Replies
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    This is correct - The more interesting question...

    This is correct - The more interesting question is whether people are thinking now of moving their assets from personal to Ltd or vice versa for the following two reasons - I am thinking specifically...
  19. Replies
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    1,482

    Impressive how people here patronise posters for...

    Impressive how people here patronise posters for pointing out the rules of the furlough scheme on the somewhat false pretence of upkeeping moral standards.

    I don’t know why I bother highlighting...
  20. Replies
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    Yes but still employee of ltd which is Uk based. ...

    Yes but still employee of ltd which is Uk based.

    Do you understand now

    From the hmrc guidance

    your employee has more than one job or other duties
    If your employee has more than one job
    If...
  21. Replies
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    Finding tennants is easy via openrent directly. I...

    Finding tennants is easy via openrent directly. I never use them as agents simply just act as interesting busybodies

    Agents are useful when you come to sell as they can really squeeze the lemon...
  22. Replies
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    If someone can point o anything concrete which...

    If someone can point o anything concrete which states you have to have been affected by corona to be furloughed please do share that.

    In fact losing £1 because your stationery costs have gone up...
  23. As eek and NL said it all depends on LTV rather...

    As eek and NL said it all depends on LTV rather then income multiplier although there are affordability calculators which just prove you can pass their criteria

    Rates set exclusively on LTVs
    ...
  24. Replies
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    And would you like to share what this person was...

    And would you like to share what this person was doing? Scrum master for 200K plus benefits or something else ?
  25. Replies
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    I do not see this precondition stated anywhere in...

    I do not see this precondition stated anywhere in the guidance - Anyway proving coronavirus had an impact is very wishy washy

    In my case coronavirus had an effect in my ability to build up my...
  26. Replies
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    It’s even better then that. 200k plus bonus plus...

    It’s even better then that. 200k plus bonus plus benefits!!! So a 300k package. This is clearly a spoof
  27. Having spent a lot of time on this the answer is...

    Having spent a lot of time on this the answer is you can dispose of your asset CGT free on all the increase up to April 2015 provided you stay out of the UK for a cumulative 5 years as non resident. ...
  28. Replies
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    SIPP tax relief is not available to anyone who is...

    SIPP tax relief is not available to anyone who is not UK tax resident - I checked this
    Also BTL rental income is not income for SIPP tax relief purposes

    Two short questions:
    1) Can you pay...
  29. Zerosum I would certainly like to hear more about...

    Zerosum I would certainly like to hear more about how you are going to get cash out of the UK limited when in a different country because that could potentially be an avenue a lot of people choose to...
  30. Replies
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    Subscribe to read | Financial Times...

    Subscribe to read | Financial Times

    Day rates for consultants advising on government projects can reach thousands of pounds per day. Executives at Boston Consulting Group, one of the three...
  31. I for one would like to see this thread...

    I for one would like to see this thread continuing

    I am out of Uk in perm employment and have a ltd in Uk which continues trading in real estate. I extract a salary and dividends from the Uk ltd...
  32. Replies
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    It works if you are on the RTI payroll which is...

    It works if you are on the RTI payroll which is the implementation of contractually obliged payment salary

    Do you have any evidence of LTD directors not being able to qualify for this and your...
  33. Replies
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    It has caused inflation in stocks and houses....

    It has caused inflation in stocks and houses. Fortunately those are mot included in the Uk inflation measure. I am serious here

    The pound is down massively against eur and usd but that’s be the...
  34. Replies
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    Im surprised they agreed to this. It means anyone...

    Im surprised they agreed to this. It means anyone added to payroll right up to 30 Oct can now be furloughed! Which is madness but they are the rules.

    It does not cover pay increases awarded to...
  35. Replies
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    Yes this is called not being able to pay your...

    Yes this is called not being able to pay your debts as they fall due which is a case of bankruptcy. He did not submit false documents which is fraud

    The days of debtor jails are over expect in...
  36. Replies
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    2.1 Core employee eligibility criteria Employers...

    2.1 Core employee eligibility criteria
    Employers can claim for employees who were employed and on their PAYE payroll on 30 October 2020. The employer must have made a PAYE Real Time Information...
  37. Replies
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    Not true. Anyone on payroll from 30 Oct Is...

    Not true. Anyone on payroll from 30 Oct
    Is eligible even if not furloughed before

    How this will be paid foris a different question I shudder to think a out
  38. Replies
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    Are you suggesting that vat and corp tax be ring...

    Are you suggesting that vat and corp tax be ring fenced from the date it was received??

    Think about it if that was true hmrc would never be a creditor in an insolvent company
  39. Replies
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    Yes but many people use vat and corp tax as...

    Yes but many people use vat and corp tax as Cashflow relying on future payments to make it up. Sometimes those plans don’t go as planned.

    Just seems strange that a guy is jailed for bad business....
  40. Replies
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    A very very good question escpecialy as when...

    A very very good question escpecialy as when asked about making wife redundant was up in arms claiming gaar prevented it

    I still don’t understand why this guy got jailed. He bought a business and...
  41. Replies
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    yes furlough yourself as director of company -...

    yes furlough yourself as director of company - This works if you are on the HMRC rti from 30 Oct.

    checked with accountant as well and he gives it thumbs up - free money for all
  42. Replies
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    Seriously aren’t you better off doing something...

    Seriously aren’t you better off doing something with the properties you have got? Planning permission for loft / new tiling in bathroom / painting exterior / general plumbing

    I can think of so...
  43. Sorry was distracted. Yes it should read 2012 you...

    Sorry was distracted. Yes it should read 2012 you are correct.

    I just went through it and thought 20k these days seems a really low number indeed.

    You can tell that almost a decade ago people...
  44. Bump a thread 12 years old talking about 20k to...

    Bump a thread 12 years old talking about 20k to 300k warchests.

    How relevant this is today !
  45. You mean German. Nothing to do with jibber jabber

    You mean German. Nothing to do with jibber jabber
  46. Replies
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    Would be useful to know what the old rates were...

    Would be useful to know what the old rates were for these two examples!
  47. Could well be quite a few non UK residents tax...

    Could well be quite a few non UK residents tax residents who might use this idea to optimise their property holdings.

    Did you even understand the question and point raised? Those with big CGT...
  48. Property Sale - CGT - Non resident Tax Payer

    This thread will try to understand better the rules around property disposal for non UK tax payers.

    As I understand it if you are non uk tax resident and dispose of property any gains you made...
  49. What is jibber jabber? UBS hiring at the moment...

    What is jibber jabber? UBS hiring at the moment for data warehouse in Zurich 750 chf direct from their recruiting desk was the rate offered

    Not worth it for me
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    Adjusted for inflation your first contractor rate...

    Adjusted for inflation your first contractor rate was 400 in that case - Not bad at all ....
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