Member Since: 9th Jan 2010
22nd Dec 2013
Merry Xmas and all the best for 2014
4th Jul 2013
Number 6 - Because accountants find the rules too complex and don't admit it.
What is a fixture as opposed to general plant? What difference dows it make? How does fixtures interact with the Integral Features legislation? How does the new election process work? What values to use? What is qualifying plant? What about Goodwill in trade related property?
20th Nov 2012
Thanks Mark and Stephen.
An interesting read. As someone in my early thirties with partner discussions in progress for 2014 with a mid tier firm, it's a worthwhile read. I used to think I was the one gaining the most from becoming partner but I now understand that it's a two way deal. The firm needs me as much and perhaps more than I it.
17th Jan 2011
You are being generous with the rate comparison.
Company sets up a trust, usually offshore..
Company makes a payment to the trust to benefit the beneficiaries (footballer).
If the company is really agressive it will claim a CT deduction as for the benefit of trade. (cheeky!!)
The trust makes loan to the footballer, therfore no s455 tax
The trust is usually offshore! Isle of Man for example.
Therfore the 2% quoted is about right.