New Out Of Town Superstore

[sarahc]

Very Euro though!

[When Skies Are Grey]

If a Company has not traded previously i.e. either "off the shelf" or a new company,

 

and that company acquires a property,

 

just the one property,

 

and trades no further,

 

then at a later date sells the property for a handsome profit,

 

then because it hasn't traded and earned "income",

 

it will pay no "income" tax as it will not have earned any "income" but it will have made a capital gain and you

 

know where doesn't levy capital gains tax.

 

Also if a company owns a property,

 

again just the one property,

 

and the company gets sold,

 

guess what?..................no conveyancing fees, so stamp duty etc ect

 

 

That's why Dan the man and his rich pals have lots of companies, so that they avoid taxes and fees.

 

Easy innit?

 

So in other words efficient tax planning...the cornerstone of the Island's economy for the past numbe rof years!!!

[keith lard]

has anyone heard that Next are moving to a bigger store ?

[sarahc]

Where did you hear that? Is it the old Littlewoods?

[Gladys]

Which old Lloyds TSB bank, the one in Strand Street?

[Declan]

Yeah. Which other Old Lloyds TSB bank is there?

[Gladys]

Not sure, that's why I asked! (Even the 'old' Lloyds Bank building in Strand Street is comparatively new.)

[Declan]

I think they meant "Old" as in "Former" rather than "Ancient".