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New Everton Owners: The Friedkin Group

What do we reckon?

  • 👍

    Votes: 853 72.7%
  • 🤷 | 🧀🥪

    Votes: 277 23.6%
  • 👎

    Votes: 43 3.7%

  • Total voters
    1,173
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it a be fine
 

FYI that carry forward of losses is limited to £5 million, plus 50% of remaining total profits after deduction of the carry forward allowance. It is limited in level

Secondly the strategy outlined by me in my original post to @Neiler is one many employ regarding inter company loans and/or investment planning. I never said loan repayments go against profit. I said "will use any excess to repay said loan" meaning it (excess revenue) doesn't get posted as profit as its being used to repay loans

That money can be reloaned for future/further investments

That post may not of made sense to you but it did to me and it is something I was illustrating to @Neiler that low interest loans can be used by Friedkin in the company's favour

That's all
That post and your follow up above don’t make sense from an accounting or tax perspective. Keep digging.

That’s all.
 

Secondly the strategy outlined by me in my original post to @Neiler is one many employ regarding inter company loans and/or investment planning. I never said loan repayments go against profit. I said "will use any excess to repay said loan" meaning it (excess revenue) doesn't get posted as profit as its being used to repay loans
That doesn't make sense. You say "I never said loan repayments go against profit" then in the next sentence you say the excess revenue used to repay the loan doesn't get posted as profit. Which is exactly what you didn't say. I'm not an accountant but I'm not sure principle repayments are accounted for as expenses and are therefore tax deductible for corporation tax purposes.
 
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