2011 Budget
by
, 23rd May 2011 at 09:16 (1035 Views)
I'm no accountant, Winston but I think you're looking at this as a private individual. If a business buys an asset, the cost of that purchase is deducted before any profits are declared are they not? The farmer pays himself minimum wage 'cos he's just barely getting by but the company he owns has just become worth more. Of course as there is no Capital Gains Tax, so eventually it all ends up in his bank account tax free, yes?