Tax loophole to a property plum
Tax loophole to a property plum
- 1991
- Evening Standard 31/5/91 p39 .
Describes Home Partners Plus an alternative to Business Expansion Schemes as an investment in the rented housing market which exploits a loophole in tax rules which permits interest on money borrowed to buy shares in close companies (those controlled by five or fewer shareholders) to be set against income at basic rate or higher rates with no limit.
ROYAL BANK OF SCOTLAND
Describes Home Partners Plus an alternative to Business Expansion Schemes as an investment in the rented housing market which exploits a loophole in tax rules which permits interest on money borrowed to buy shares in close companies (those controlled by five or fewer shareholders) to be set against income at basic rate or higher rates with no limit.
ROYAL BANK OF SCOTLAND