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.
- The Cotter Case 176 2
- The complete uselessness of the British banking system 101 3
- HMRC Accounts Office - waiting an hour! 128 2
- Under Cash Accounting rules how do I account for a credit note issued outside the Corp Tax period? 46 1
- Fee agreed but client disagrees on amount 936 16
- Sole Trader business 152 1
- Transfer of sole trade to ltd co 151 1
- How will the taxation of non-residents landlord work? 143 1
- Giving a seminar 680 36
- Tax position on lease extension 174 1
- Boffin of the Year 296 10
- deleting customers on Sage 50 218 8
- Using Director's bank account to receive payment from customer 237 4
- Sage Depreciation 77 1
- Non sequitur 249 2
- Am i Liable? 880 21
- Sale of business being paid by deferred payments by buyer 170 1
- tax relief for the cost of trade marks 155 1
- Interest on main residence mortgage then lent to a company 76 1
- Has anyone been told of the extra Sage Payroll fees for auto enrolment? 475 10
- Desperately seeking Susan, Sam or anyone with any other name 1,294
- Experience with Islamic investor following Sharia-compliant rules? 640
- Darwinpay Partnership Assessment 422
- S464A Charge to tax: conferring benefit & BIK 331
- Quirky thread of the year: Community Awards 262
- Alphabet shares 219
- Agent fees to sell business 212
- ACCA continuity of practice arrangement needed 207
- Office recharges 169
- How to reclaim VAT for a non-EC UK visitor 148