Higher rate Corporation Tax
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Registered Posts: 73 Regular contributor ⭐
I have a handful of clients who fall into higher rate CT. Just interested in what things you discuss with such clients.
Consideration of increased remuneration and bonuses via PAYE if just above rate, company pension scheme contributions and self administered schemes possibly for industrial property. Seems to me they just wish to draw down the profits in all these circumstances, the latter being a (somewhat) growth of personal asset value.
Any other ideas as for tax benefits and growth of personal asset? There is plenty of cash flow to facilitate the growth of the businesses in these cases so that isn’t an issue, surplus profit is, if not for them.
Nice problems....
Consideration of increased remuneration and bonuses via PAYE if just above rate, company pension scheme contributions and self administered schemes possibly for industrial property. Seems to me they just wish to draw down the profits in all these circumstances, the latter being a (somewhat) growth of personal asset value.
Any other ideas as for tax benefits and growth of personal asset? There is plenty of cash flow to facilitate the growth of the businesses in these cases so that isn’t an issue, surplus profit is, if not for them.
Nice problems....
0
Comments
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Anyone?
Think I’ll be pushing for commercial property acquisition via pension scheme, just interested in your higher profit companies as to what you offer advice/tax wise?0 -
I don't have any companies in higher rate CT, sorry.0
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Me neitherRegards,
Burg0
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