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Buying a House through my Company

royalcarlowgc · 2011-07-01 11:40:51

Hey, I'm thinking of buying a house through my company and wondering would it be more tax efficient than buying it personally?

01-07-2011 11:40am

#1

royalcarlowgc

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Hey,

I'm thinking of buying a house through my company and wondering would it be more tax efficient than buying it personally?

0

Comments

#2 01-07-2011 9:31pm

censuspro

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It would strongly urge you against this. There are numerous reasons for not doing this.

MOD SNIPThis is a big No No!

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#3 02-07-2011 10:47am

kennyb3

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Agree totally ludicrous idea - forget it.

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#4 02-07-2011 11:23am

TiGeR KiNgS

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Not to mention the whole point of a Company is protection for the owners from creditors through limited liability.

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#5 04-07-2011 12:33pm

mozattack

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--- can clear down loan @ 12.5% CT rate versus 52% income tax/PRSI/USC...

not the complete bad idea some others suggest

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#6 04-07-2011 1:15pm

celticthor

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plus if your company goes belly up your creditors will go after the house as an asset!

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#7 04-07-2011 8:38pm

Mr. Incognito

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OP Banned for a week

First reply banned for three days for providing specific tax advice.

If you wish to provide me with a certificate of indemnity I will reopen the thread.

Until then property threads and specific tax advice relating to same is banned

Read the charter.

Thread closed

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This discussion has been closed.