Recent content by Sanjay Kachhela

  1. S

    pension tax relief to be withdrawn? act now

    Yep, agree. But I read the post as saying they will only take out 10k salary, not knowing what else was available and not knowing what the income was....also not sure what the level of profit is either.
  2. S

    Don't bother with a will.!!

    This why I advise my clients to re-visit their Will every 2 or three years or when there is a major life event. Even if they are happy with the Will at least the review has been documented and would help stand a challenge.
  3. S

    pension tax relief to be withdrawn? act now

    Hi Please remeber the forestalling rules and the limits you can pay. The rules are quiet complex but if you can tell me how much your income was in 2008,2009 (in total including dividends,bank interest,rents etc etc) and how much your looking to contribute to your pension I can help. PM...
  4. S

    Buying commercial property

    I will let others explain the VAT point (it is prety straight forward and you will claim back the VAT in the usual way). I am interested in the value of the premesis and planning around that. Can you tell me how much your looking to spend please? Also do you have any pension funds, if the deal...
  5. S

    Premier League Hospitality Business Opportunity - Seeking Investment

    Hi Just to help structure the investments. Have you considered Enterprise Investment Schemes? The people who invest in your business may be able to claim tax relief at 20% and get capital gains tax relief in the future. This will help with investor risk and is an extremely useful offering...
  6. S

    Advice on Borrowing Money from Private Sources

    Hi Tell me how much the individuals would like to invest and I will tell you if a tax efficient structure can be put in place. I do agree with Jim by the way but in any event if the investors are UK residents, they will have tax implications on their return. Regards Sanjay
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    Freelance - Self Employed Vs Umbrella Company - Advice Appreciated!

    Trust me for an income of 4k it's just not worth it. Keep it simple and show it as consultancy income and pay the correct tax via self assessment. When your profits are higher, then consider other options.
  8. S

    Refused for business account

    This is a joke, there are other banks out there and sitting down with a good bank manager is the way forward. If your credit is good, there should not be a problem. 6 Months is a long time to wait, hope the business goes well.
  9. S

    Tax avoidance scheme??

    I agree, ignore the box. Just to be clear though, dividends are paid to shareholders in proportion to share holdings.
  10. S

    Quick tax question: Can I offset Pertnership loss against Sole trader profit?

    post count??? I don't pick up all the details on my phone and only realised the date when it was pointed out to me..... So does that mean your post helps your 'count'?? If so feel free to respond but probably better you dont waste your time ?
  11. S

    need advice!

    Phew. I have seen businesses self distruct with situations like this. I would recomend you:- 1. See a good corporate lawyer. 2. Resign as director. I cabn appreciate you see some value in this business but as it is you could be on the hook if they run it into the ground. Tell the lawyer...
  12. S

    Quick tax question: Can I offset Pertnership loss against Sole trader profit?

    As long as the partnership was started with the intention of making profits you will be able to claim the loss against other income (not just against the sole trade but against your statutory total income.
  13. S

    Tax exempt company

    expensive...yes but in the context of total taxes NO, No income tax, no Corp tax, no CGT and NO Inheritance Tax. But it is only avaialable for high profits and wealth.
  14. S

    Inheritance Tax and CGT question...

    Ther is a way to mitigate the CGT, but specialist advice will be needed. Please contact me to discuss if you would like a solution.
  15. S

    Tax - Sale of Property

    There is a structure that takes the proeprty off your balance sheet and then you can sell it without a cgarge to CGT. The cash then is available to you to extract in a number of ways with differing tax rates. We need to know the property value though.
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