14:00 PM, 8th July 2015, About 11 years ago 9619
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Simon Hall
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Member Since November 2016 - Comments: 335
19:26 PM, 17th November 2016, About 9 years ago
Reply to the comment left by “adam prospect” at “17/11/2016 – 18:14“:
You sound like MarkB brother but with different surname. May be same person but with multiple Property118 accounts?
Markb
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Member Since July 2015 - Comments: 193
19:34 PM, 17th November 2016, About 9 years ago
Reply to the comment left by “David Price” at “17/11/2016 – 18:30“:
David I am doing just that. I am not sure it will undo Tenant Tax but it is how to survive and sleep at night.
S.E. Landlord
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Member Since July 2015 - Comments: 154
19:50 PM, 17th November 2016, About 9 years ago
Reply to the comment left by “Appalled Landlord” at “17/11/2016 – 17:32“:
AL, in this hypothetical example I am the director of the company that is being funded either from a loan or share investment of one million. I would be the one able to decide what money is to be paid out as a dividend – or as a bonus to myself (and similarly would be in a position to determine the assets in the company at the time of sale). As such I see the two methods of funding as achieving the same results but with different tax treatments.
For accounting purposes your statement is correct on the reasons for the differences in their treatment, the point I was making from a funding point of view the effects can be the same but the tax treatment is different and on that basis loans were receiving a more favourable tax treatment compared to share funding.
Simon Hall
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Member Since November 2016 - Comments: 335
21:20 PM, 17th November 2016, About 9 years ago
Reply to the comment left by “David Price” at “17/11/2016 – 18:30“:
David, you are spot on!
Appalled Landlord
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Member Since October 2013 - Comments: 1020 - Articles: 47
23:16 PM, 17th November 2016, About 9 years ago
Reply to the comment left by “S.E. Landlord” at “17/11/2016 – 19:50“:
The taxation follows the structure of the business. The two structures are very different, and have very different results. I don’t intend to spend any more time on this hypothetical situation.
If you know someone who will give you a million for a 5% return, I would like to meet him or her. I haven’t seen anyone like that on Dragons’ Den.
S.E. Landlord
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Member Since July 2015 - Comments: 154
8:53 AM, 18th November 2016, About 9 years ago
Reply to the comment left by “Appalled Landlord” at “17/11/2016 – 23:16“:
As I indicated earlier it was a hypothetical situation to illustrate the different tax treatments of loan interest and dividends, I could have quoted any rate but chose what would be an approximate mortgage rate. It remains that loan interest is treated more favourable as a means of funding than share capital in my opinion. I agree that there is no point in spending more time discussing this.
Appalled Landlord
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Member Since October 2013 - Comments: 1020 - Articles: 47
10:16 AM, 18th November 2016, About 9 years ago
Reply to the comment left by “S.E. Landlord” at “18/11/2016 – 08:53“:
Does your unusual viewpoint make you in favour of S 24, which will bankrupt some people?
NW Landlord
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Member Since October 2013 - Comments: 804
10:19 AM, 18th November 2016, About 9 years ago
I would give up with him and this mate waste of ur valuable time
Simon Hall
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Member Since November 2016 - Comments: 335
11:35 AM, 18th November 2016, About 9 years ago
What makes me laugh about this government is that, having read recent media news it says that this “Autumn Statement will help families who are just about managing”. (JAMS)
This is clearly a contradiction on government’s part as they would be screwing up very same families who fall under very same category whose rents will go through roof by virtue of s24!
S.E. Landlord
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Member Since July 2015 - Comments: 154
11:36 AM, 18th November 2016, About 9 years ago
Reply to the comment left by “Appalled Landlord” at “18/11/2016 – 10:16“:
Already answered that on 17/11/2016 at 9.46.