Tax Planning Idea
Receive rents from your business!
If you own property personally or in your pension, that is used by your business, you can charge your business rent for using the property as another tax efficient way of extracting cash from the business. Advice should be sought if this is of interest because there can be other consequences to be aware of.
As always, the key to successful tax planning is to seek advice as early as possible.
If you would like more information, or would like to discuss your tax affairs in more detail, please don't hesitate to contact our Tax Partners, Steve Crompton or Lucy Williams, on the details below: