Does Dyson intend to buy England
- Thread starter onthehoof
- Start date
a.n. other
New Member
Envy is one of the seven deadly sins!
So is greed
I suppose the key question is ‘why he is doing it’
If it’s because he has a genuine love of farming and the countryside and wants to improve farming methods and profitability then fair play to him.
If he is buying up vast tracts of land for the sole intention of his kids avoiding inheritance tax then I think this is wrong - but no more than anyone else doing the same.
I suspect it is a bit of both.
If it’s because he has a genuine love of farming and the countryside and wants to improve farming methods and profitability then fair play to him.
If he is buying up vast tracts of land for the sole intention of his kids avoiding inheritance tax then I think this is wrong - but no more than anyone else doing the same.
I suspect it is a bit of both.
The inheritance tax argument doesn't stand up to any scrutiny.
James Dyson is buying these farms through a limited company which is part of the same group which owns his vacuum cleaner business. As it is a private (i.e. unlisted) company he would already be entitled to pass that wealth on with 100% relief from inheritance tax.
Whatever his motives for getting into farming are, they don't appear to be tax related.
If he is buying them through the same limited company can he not offset money spent on farm repairs against profits on other branches of the business?
Does this not offer a tax -efficient route to upgrading farms and enhancing profitability and possibly capital valuation?
No more so than he already could by offsetting them against the operating profits of his farming activities, which looking at the Beeswax accounts is exactly what he does. He doesn't own them through the same limited company though, his farming and vacuum cleaner businesses are separate legal entities. They do share a holding company, but that doesn't provide any tax advantages as such.
willie waver
Member
- Location
- walking in the ayr
he sacrifices small children and eats them for breakfast, so I read somewhere....
how many ?
- Location
- Aberdeenshire
Children are like shredded wheat...bet you can't eat three.
- Location
- South Wales UK
Looks like 2 fingers and moving manufacturing to Singapore alledgedly ???
Steevo
Member
- Location
- Gloucestershire
Head office is moving. Electric cars were always planned to be built out there. Hoovers are already built in Malaysia.
Cowabunga
Member
- Location
- Ceredigion,Wales
Dyson is a big advocate of Brexit of course. What he didn't tell anyone was that he intended to brexit all his wealth creation out of the UK as soon as the UK left Europe.
Sony are also moving their European head office from the UK to mainland Europe. Looks like a whole lot of big brands are abandoning ship.
- Location
- South Wales UK
Nice
Read the small print not the headlines.....
"Dyson has announced that it is moving its headquarters to Singapore, from Malmesbury in Wiltshire.
The move by the appliance maker means two executives will relocate - chief financial officer Jorn Jensen and chief legal officer Martin Bowen.
Other work at Malmesbury will not be affected and no jobs will be lost."
Yes, technically moving 2 people..... deffo "abandoning the UK post Brexit"..
"Dyson has announced that it is moving its headquarters to Singapore, from Malmesbury in Wiltshire.
The move by the appliance maker means two executives will relocate - chief financial officer Jorn Jensen and chief legal officer Martin Bowen.
Other work at Malmesbury will not be affected and no jobs will be lost."
Yes, technically moving 2 people..... deffo "abandoning the UK post Brexit"..
Cowabunga
Member
- Location
- Ceredigion,Wales
Read the small print not the headlines.....
"Dyson has announced that it is moving its headquarters to Singapore, from Malmesbury in Wiltshire.
The move by the appliance maker means two executives will relocate - chief financial officer Jorn Jensen and chief legal officer Martin Bowen.
Other work at Malmesbury will not be affected and no jobs will be lost."
Yes, technically moving 2 people..... deffo "abandoning the UK post Brexit"..
There is far more to moving a business' registered office than meets the eye. He wouldn't bother doing so otherwise. The business will no longer be domiciled in the UK.
The two jobs are insignificant except as clouds to blow in your eyes.
Oh yes I get that part but surely any business makes the sensible/efficient choices irrespective of the surrounding "noise" ?
