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Farm Business
Agricultural Matters
Wife putting afew hundred pounds in to farm account.
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<blockquote data-quote="Hampton" data-source="post: 7121807" data-attributes="member: 6937"><p>I’m assuming that the car is purchased/leased by the farm so you could claim the VAT. Wife is using car for daily commute etc.</p><p>If this is the case, the accountant needs to know and you need to be less naive about how you phrase posts on the forum to prevent a tax inspection.</p><p>Keep things separate.</p><p>Wife wishes to loan company some money. How can we do this tax efficiently? Don’t mention anything to do with car.</p></blockquote><p></p>
[QUOTE="Hampton, post: 7121807, member: 6937"] I’m assuming that the car is purchased/leased by the farm so you could claim the VAT. Wife is using car for daily commute etc. If this is the case, the accountant needs to know and you need to be less naive about how you phrase posts on the forum to prevent a tax inspection. Keep things separate. Wife wishes to loan company some money. How can we do this tax efficiently? Don’t mention anything to do with car. [/QUOTE]
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Wife putting afew hundred pounds in to farm account.
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