BIK on an aeroplane.

Individual buys an aeroplane (as you do) for his personal use only, he is transferring it to a Ltd purely for insurance purposes (if there’s an accident or claim). He is going to personally fund all the running costs etc.

This will be the only asset in the Ltd, with no trading income.

How on earth would this be taxed. 

 

Many thanks

Comments
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blok |
blok's picture

I think the glass is half full.

frustratedwithhmrc |
frustratedwithhmrc's picture

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blok |
blok's picture