Tax loophole to a property plum
Language: English Series: Evening Standard ; 31/5/91 p39Publication details: 1991Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2722-26 (Browse shelf(Opens below)) | 1 | Available | 1910-1001 |
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.