Hi there,
I have a situation to conquer....can anyone help??
One contractor does the work on 4 farms. He has already used his 100k AIA but wishes to get a new £100k machine eligible for AIA.
Could the owners of the 4 farms club together 25k each to buy the machine instead of the contractor. Then they claim their AIA so save tax at their tax rate, then rent the machine back to the contractor who would then save tax at his tax rate as the rent for the machine would be allowable.
The machine would only be used on the 4 businesses.
Any help appreciated!!
Many thanks
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