I wonder if someone can advise on this proposed scheme which was suggested to me:
Mr A and Mrs A are directors of a Jersey company, say company X. Mr A sells his property (not PPR) to the Jersey company.
The Jersey company leases the property to a UK company, say company Y, of which Mr A is the director. The company Y rents out the property, the rental income under the arrangement being a commercial rent, but the cost of the lease from the Jersey company should eat up most of the income.
I suppose the idea is to shift the income to the Jersey company....
To tax specialists, who have this sort of stuff for breakfast, can you comment? And what is the current line of thinking on control and management vis-a-vis company residence?
Thank you in advance.
- HMRC filing meltdown? 556 15
- client can't/won't pay 1,959 42
- Tax Credit Office opening hours 119 1
- Selling Capital Allowences from Self Employed to Ltd Buisness 100 4
- Payment of tax due on 2014/15 Self Assessment tax return 98 2
- Non resident income. 475 21
- Why do I do this every year 457 10
- UKBA financial requirements for spouse visa 290 22
- 'My colleague fills in his own Self Assessment" and he/she claims,x,y and z" 168 3
- Hobby Horse 815 8
- What sectors to target? 622 30
- FYAs on second-hand vans 278 7
- Rent a room scheme query. 198 3
- Self assesment online 1,013 11
- Watch out self-assessment scam e-mail 310 5
- closing limited company 201 2
- VAT when selling on Amazon 131 1
- Childcare voucher schemes 262 9
- IHT and US resident 81 1
- Limited Companies Merger 218 6
- Form MR01 (Particulars of a charge) - does this need to be filed if you remortgage with the same lender? 937
- Underpaid VAT assessment and relation to SATR 654
- Did you realise Google will not patch android exploit ... 605
- Latest phishing scam 583
- Cashback for opening business bank acct = trading income? 420
- Auto Enrolment Questions Answered 316
- Scratch Head 247
- Loan benefit after person ceases as director/employee 240
- Sabbatical payments 201
- Negligible Value Claim 180