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Nigel Reynolds
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How many of these Investors have had the full tax cost of operating as a Limited company explained to them. They will be paying higher tax straight away from 6 April 2016 due to the tax hike on dividends. Then if they sell a property in the company, the company will pay tax on the gain and if they want to take the money out from the sale of the property they will pay tax at up to 45% as compared to a max of 28% if they owned it personally. Owning property through a company may be part of an overall tax strategy but it is not the simple solution that people are having it sold to them as.
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From: Nigel Reynolds
19 November 2015 11:07 AM