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Old 7th November 2006 | 22:39
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Whirlygig

Hovering AND talking
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Joined: Feb 2003
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From: Propping up bars in the Lands of D H Lawrence and Bishop Bonner
If this business has the partial objective of being a vehicle to get cheap flying, please be aware of Benefits in Kind on company directors. The rules are that the asset need only be available for use, not whether the director actually uses it or not! You could be taxed on 20% market value of the asset i.e. helicopter.

Cheers

Whirls
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