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Old 7th Nov 2006, 22:39
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Whirlygig

Hovering AND talking
 
Join Date: Feb 2003
Location: Propping up bars in the Lands of D H Lawrence and Bishop Bonner
Age: 59
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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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