A limited use for limited companies? (Record no. 75552)

MARC details
000 -LEADER
fixed length control field 01668cab a2200241 4500
001 - CONTROL NUMBER
control field L130323
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 050714n2005 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u130323
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Mercer, Chris
245 #2 - TITLE STATEMENT
Title A limited use for limited companies?
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2005
490 ## - SERIES STATEMENT
Series statement Letting Update Journal
Volume/sequential designation 13(2) July 2005, 20-21(2)
520 ## - SUMMARY, ETC.
Summary, etc. Examines "Jones v Garnett" ([2005] STC (SCD) 9, unreported) known as the "Artic Systems" tax case, which has considerable implications for small businesses and some buy-to let landlords, particularly for anyone who is a director of a small limited company and perhaps part of a husband and wife operation. Artic Systems was a limited company owned by a husband and wife, where the husband drew a salary well below his earning power but received substantial dividends, half of which went to his wife on her 50% interest in the company. It was confirmed on appeal ([2005] EWHC 849 (Ch), The TImes 17 May 2005) that the dividends paid to the wife were income and therefore liable to tax. Argues that the case is another attack on the advantages of incorporation. Provides a number of tax tips particularly in respect of taking profits as dividends and concludes with advice on the situation arising from this case, which may be further appealed.
590 ## - LOCAL NOTE (RLIN)
Local note IKA190705
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element INCOME AND CORPORATION TAXES ACT 1988 S660G
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element INCOME AND CORPORATION TAXES ACT 1988 S660A
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element ARTIC SYSTEMS CASE
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element JONES V GARNETT (HMIT) (2004)
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element JONES V GARNETT (HMIT) (2005)
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element MANAGEMENT-BUSINESS MANAGEMENT-FINANCIAL MANAGEMENT
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC 0
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Dewey Decimal Classification     London London Journal article 14/07/2005   L130323 130323-1001 06/08/2019 1 06/08/2019 Journal article