JadMac
Junior Member
- Jan 6, 2014
- 181
- 40
Hi,
If you already have a company and want to start another company for the purpose of a joint venture, what are the tax implications?
I've been told that this second company would be classed as a second income and therefore be taxed at 40% due to this reason alone. Is this true?
If you have any suggestions to a solution or better arrangements that would avoid this please share as it would be very much appreciated.
If you already have a company and want to start another company for the purpose of a joint venture, what are the tax implications?
I've been told that this second company would be classed as a second income and therefore be taxed at 40% due to this reason alone. Is this true?
If you have any suggestions to a solution or better arrangements that would avoid this please share as it would be very much appreciated.