I dont believe in rental offset either. More stress
@UK-Property-Tax-AccountantsАй бұрын
Thx for the comments 👍
@danielkisero2104Ай бұрын
Tax on profit live off credit but too mich offset in income will slash abilities to get credit
@UK-Property-Tax-AccountantsАй бұрын
Agreed 👍
@danielkisero2104Ай бұрын
25% is better than 45 on a P60
@UK-Property-Tax-AccountantsАй бұрын
So true 😀
@danielkisero2104Ай бұрын
SIPP, use business creditcard, pay yourself salary to keep open personal credit. Limit the salry to get a lower tax band. Apart from that you just gotta bite the bullet. Tax is part of the game, gotta pay 2 play
@UK-Property-Tax-AccountantsАй бұрын
The nice thing about Tax planning is that you only take out of your business what you want and accept you pay tax limit. However, tax planning also give you the opportunity of not taking money out of the company and not paying as much tax.
@danielkisero2104Ай бұрын
@@UK-Property-Tax-Accountants Very true indeed💯💯💯
@danielkisero2104Ай бұрын
Just yourself a slarary and get tax on that, then pay personal life expenses through the business. Always operating as a separate entity. Cant let the gov put a squeeze on u😢😢😢😢
@UK-Property-Tax-AccountantsАй бұрын
Personally anyone reading this comment needs to know that this would be tax evasion. Putting your KZfaq profile in a public domain is not a great idea.
@danielkisero2104Ай бұрын
@@UK-Property-Tax-Accountants Yeah you right ahahaha. Wouldn't expenses made off business credit the a repayment to that financial institution still be evasion? Guess i just gotta bite the bullet
@Rajasheraz-vu7hpАй бұрын
I make a uk Ltd and i use this uk Ltd for tiktok shop account how much tax i will pay can u explain plz plz
@UK-Property-Tax-AccountantsАй бұрын
You will pay corporation tax (circa 19%) based on the profits (sales less revenue costs) you earn in the tax year
@Rajasheraz-vu7hpАй бұрын
@@UK-Property-Tax-Accountants if i cant use uk Ltd company then after the year i will give some tax or not
@UK-Property-Tax-AccountantsАй бұрын
You will not pay any tax if you do not use the company