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Old 31-12-2010, 06:29   #16
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There certainly are ramifications if the owner corporation trades for profit but what if the boat owner corporation never turns over a single pound ?
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Old 31-12-2010, 15:40   #17
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Originally Posted by savoir
There certainly are ramifications if the owner corporation trades for profit but what if the boat owner corporation never turns over a single pound ?
Well it depends under what laws the corporation is subject to. Private use of a corporate asset , vat registration and the subsequent disposal of a corporate asset are all issues.

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