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Mry, Actually my accountant suggested a structure which I mentioned in this thread: http://somersoft.com/forums/showthread.php?t=105968 Essentially this is the gist of it: "Company 1 holding development site and do development, pay 30% tax, profit goes to Company 2 as dividend, Company...

Yeah something to think about definitely. I can't see anything wrong with Handyandy's way of doing things. He does not own anything. He controls everything. He draws what he needs while minimising tax. His net worth accumulating nicely through ongoing investing and compounding. Kids get to...

Yes I think it is 360K, it is nice. In fact by owning my dev site in a company name I do not get any land tax benefit. The land value was 350K on the latest notice. CG is just one consideration. The main attraction is the fact you can defer income and in my situation there is nothing a trust...

Would it be right to suggest that if you don't need 140K per individual and only draw what you actually need, for example, for a retirement in an Asian country, you can get a lot of your 30% company tax back.

Paul, I can remember your post and where these % come from. But question, does deferring tax always results in paying more tax in the end? The final tax could be a lot less than 30% too could it not?

Ausprop, I know people who develop in the way you outlined. Works for them. I am not an accountant and only have a vague idea on this subject. My understanding is that a bucket company has its problems. Access to funds for example and the cost of deferring tax. PaulG from memory has some...

Top post Terry. I have been told by a quite a few people that a company is not a good entity for holding growth assets. But I always felt that due to the nature of a company and its ability of retaining income and tax credit, it is a great tax deferring vehicle. It would be a great...