| Topic: | Re:Re:Warning from the Bank of England | |
| Posted by: | Cllr Sam Hearn | |
| Date/Time: | 16/07/15 11:02:00 |
| "For long term investors this could encourage investors to acquire BTL’s through a limited Company where all interest will be allowable againnst tax and where corporation tax rate is planned to fall to 19% from 2017 and 18% from 2020." Not convinced - even long term investors want an income and will pay income tax on dividends (increased in the budget) or PAYE and NI on salaries. These taxes are in addition to corporation tax not instead of corporation tax. Salaries are of course deductible for corporation tax purposes. "They have held off a rate rise so as not to interfere with the Election." Nick - pray do tell us who think "they" are and why they would do this? |