This is quite important to him as he is a 40% tax payer!
The reason for license is that no SDLT payable. I have a pro forma license agreement ready.
Would it work? If not, what would?
The company is VAT reg'd but the rent is not VAT'd so this would stay the same in the company i.e. the rent and related exoenditure would not be vatable.
Please advise on this
Thanks.
Ian Barlow
Replies (2)
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OK but
I think a lawyer needs to answer the licence question, but the capital tax on the gain would be worse under a company banner.
Upon sale, no CGT allowance is available to the company, and no taper relief for the company either.
Easier to raise any future finance in a personal ownership situation?