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Tax Breaks for Directors - Part 2 Director shareholders - 16. Director as the company’s landlord - 16.3. Entries on your tax return
16.3. Entries on your tax returnThe rent you receive from the company is income from land or property. If the property is in the UK, you should include the rent on “Land and Property” supplementary pages with your tax return. If the property is abroad, e.g. a villa in Spain, you should fill in details of the rents received and expenses set against that rent on the “Foreign Income” supplementary pages. If you have not received a tax return, or a notice reminding you to complete it electronically,...Click here -
Tax Breaks for Directors - Part 2 Director shareholders - 18. Building up a pension fund - 18.4. Pension fund invests in company - 18.4.1. Trading premises
18.4.1. Trading premisesFor some time it has been popular for companies to transfer their commercial property into a pension fund for the benefit of its owner directors. The pension scheme has to pay for the property, which of course it can do out of its accumulated funds, or borrow against the value of the property plus future pension contributions. In most cases these properties are transferred into the pension fund and then rented back to the company, thereby releasing funds to the company and generating...Click here
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