VAT registration can be bad for your wealth!
Pick the tax relief which suits your specific circumstances and future plans
Whether you’re just starting out in business, or have been at it for a while, there are three main types of ‘trading vehicle’ to consider if you want to make...
If you organise your affairs you could pay less tax
Minimise your VAT charges & make more profit
A limited company can have many benefits, including reduced tax bills.
A £10,000 trading loss could be worth £4500 tax relief in one year and £0 in the next, or vice versa.
So choosing where and when you offset is worth proper consideration.
If you qualify for PPRR you also qualify for Lettings Relief, and the deemed occupation rules mean multiple properties could qualify all at the same time!
Landlords encouraged to spend!