Q: Im going to do a development of 24 apartments. If we say that profit is worth the value of 5 apartments. What if I stay 5. Pressumably paper 5 that will not be realized a profit, because they did not sell. The development will therefore have just broken even in terms of expenditure equal to revenue. So I avoid paying taxes on the development by doing this?
It would save 200k of the tax. (40% of 500K)
If so I could keep my net profit and let them out for income.
Maybe he is a BIG BOY !
BIG BOYS should ask their C A , what to do with the 500k
tags: 500k, amp
posted in mortgage by admin
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I never knew that living in the flats, you could avoid paying tax, that’s pretty cool!
Link | September 7th, 2010 at 8:52 pm