Ask a stupid question.
First you have to understand I am not an accountant so what may seem obvious to you could be rocket science to me.
Here goes. When a bank gives you a mortgage on say 50% of your property value does that mean they have effectively placed a charge on your house and can list 50% value on their balance sheet as an asset?
There is a reason for me asking this question but if I told you I would then have to shoot you.
Would appreciate some help on this as it would be useful information at the moment.
- How to post Sales figures in Sage50 Accounts (we use separate Sales ledger) 254 7
- Sage data 90 1
- Course costs for retraining as a barrister 412 9
- Limited company buying a car 349 6
- Funding Circle experience 129 3
- What font do you prefer to use for correspondence? 240 10
- Excel query 89 2
- Do I need to pay my accountant 1,265 13
- Payment on account penalties 100 3
- Tax on free shares 126 5
- Flat Rate Vat 14.5% and 5% reduced rate VAT 198 3
- Capital allowances on sale and puchase of business assets 120 1
- Audit 480 14
- PPR relief and half hectare rule 123 3
- Buying a horse?? 420 12
- Question on HMRC past taxes (+penalties) on non-resident 190 2
- Uncomfortable with some advertising Sift takes 769 21
- PITA ex-client 264 9
- CTA and Tolley's tax handbooks 364 9
- Can I contribute to SIPP if I pay no salary/dividend from ltd company 328 5
- CTA study material 802
- Anyone have clients that use Pay4Later to offer customers credit? 493
- Raiders of the Lost Tax File 457
- Employment related securities question 321
- AIM Stocks and IHT 308
- Expat pension contributions? 280
- Tax Relief for overseas employees 277
- Trust for Employee 256
- Service Charge Accountant Career Options 226
- IPP (International Pension Plan) income 160