Can someone please confirm the following...
Someone mentioned last night that BJ came to us on a free.
We then sell him for ?6m - is there a capital gain tax implication on this sale ?
Likewise when RVW becomes a free agent at end of this year and moves on as a free is the ?8.5 m we paid tax deductible ?
Furthermore how do you calculate final year accounts when the value of the " stock" varies so much - if you buy a player for ?5m and then have offers for ?20 what is his net asset / book value - great business if you want to "Cook the books".
Fuck I need to get out more !!
Posted By: Shut the gate on September 2nd 2015 at 08:39:31
Message Thread
- Can someone please confirm the following... (NCFC) - Shut the gate, Sep 2, 08:39:31
- As far as I am aware..... (NCFC) - JD3, Sep 2, 09:21:37
- Capital gains tax on profits from sale of players doesn't apply (NCFC) - bowfront1, Sep 2, 09:04:54
- As I understand it (NCFC) - Kangol Canary, Sep 2, 08:42:41
- Noted and appreciated - but if you depreciate and the value of the player appreciates then (NCFC) - Shut the gate, Sep 2, 08:46:05
- I think you're confusing personal tax with corporation tax (NCFC) - CWC, Sep 2, 08:54:22
- Noted and appreciated - but if you depreciate and the value of the player appreciates then (NCFC) - Shut the gate, Sep 2, 08:46:05
- 9 (n/m) (NCFC) - tim berry, Sep 2, 08:41:09
- School tomorrow Tim (n/m) (NCFC) - Shut the gate, Sep 2, 08:41:55
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