If customers cannot split a meal into two transactions to maximise the 50%/£10 subsidy the answer will be to have a main course in one establishment and the coffee and desert in another bar/cafe nearby. (obviously easier in towns and cities rather than the country)
Do not forget that if you do not file a P35 the Director's personal NI record will not show him as having been employed and that this my reduce his future benefit and pension rights.
Any gain on disposal will presumably qualify for Entrepreneurs Relief so Capital Gains Tax will only be 10%. Surely 90% of the gain in your hands tax paid is better than 100% locked into a pension.
Also I do not think your Conversion to Residential exit route would be available as a SIPP cannot hold residential property.
My answers
If customers cannot split a meal into two transactions to maximise the 50%/£10 subsidy the answer will be to have a main course in one establishment and the coffee and desert in another bar/cafe nearby. (obviously easier in towns and cities rather than the country)
Directors NI record
Do not forget that if you do not file a P35 the Director's personal NI record will not show him as having been employed and that this my reduce his future benefit and pension rights.
Buying your own premises
Why bother with the SIPP?
Any gain on disposal will presumably qualify for Entrepreneurs Relief so Capital Gains Tax will only be 10%. Surely 90% of the gain in your hands tax paid is better than 100% locked into a pension.
Also I do not think your Conversion to Residential exit route would be available as a SIPP cannot hold residential property.