Investment Company.
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As a Spanish non-national I am looking for advice on setting up an Investment Company "Sociedades Patrimoniales".What expenses are exempt from the company s corporation tax ?
This message was last edited by KERO on 2/2/2008.This message was last edited by KERO on 2/5/2008.
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I anybody reading this forum
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if you pm Freya he may help,he is an expert in this field...............
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www.taylorlandandpropertygroup.co.uk
still here after all these years!
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Obviously nobody is reading this forum to advise on savings that can be made by setting up an Investment Company for purchasing property in Spain.
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If you incorporate the house into a company and sell the shares, there willl be no 7% transfer tax, but I am not sure if that is what you mean.
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Maria L. de Castro, JD, MA
Lawyer
Director www.costaluzlawyers.es
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Thanks Maria for your reply. I was thinking more of annual expenses associated with running the company like property maintenance.Maybe even flight costs or car hire costs for checking it out !! could be deducted from my Company`s Corporation Tax ?.
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I was hoping to get a list of all the expenses that can be deducted ?.
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If you set up a UK limited investment company, travel expences to and from the property can be offset against your tax liabilty. In effect this would also go some way to showing your company is a trading company which reduces tax from 18% to 9%. Good eh!
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