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- Surplus cash can be invested with the potential to produce both substantial capital growth and an ongoing revenue stream
- Banks will typically lend as much as 70% of the purchase price if needed.
- Interest rates in many other European countries are currently lower than those in the UK
- As you personally need not withdraw funds from the company higher rate income tax and employers NIC can be avoided.
- Interest on borrowing to fund the purchase is tax deductable.
- Rental profits are taxed at the company's marginal rate of tax, which is typically lower than personal income tax rates.
- The property can be made available to management and/or key people in a cost and tax efficient manner, typically saving up to 0% of the cost of similar holiday accommodation purchased from a tour operator.
- The property can be offered to other staff either on a week-by-week basis or perhaps as part of a promotion e.g. 'Best Sales Agent of the Year'. Either way this represent a low cost (or free) holiday to the staff member. never before has there been a better staff retention tool than a property in the sun.
- The profit on the eventual sale of the property will be taxed at the company's marginal rate of tax, which is typically lower than personal income tax rates.
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