Starting a company can sometimes become not only a tool for doing business, but also a profitable way to optimize personal expenses. Legal schemes for using a legal entity open up tax reduction opportunities when buying real estate, cars, and other assets.
How best to buy property (apartment, car, etc.) - as an individual. or a legal entity?
If we evaluate the personal financial benefits of this alternative, of course, it is better to open some kind of office and formalize a legal entity and purchase this property (or movable property, for example, a car), justifying this as a production necessity for this purchase, while using it all for personal purposes, and its cost in parts in the form of depreciation charges should be written off as cost (if a manufacturing company) or conversion costs (if a trading organization). Plus the real estate tax, and VAT to offset, which will refund part of the VAT paid for the reporting period of your organization.
Thus, we reduce the total tax base of our office, which means that we reduce income tax. At the same time, we ensure the realization of all our goals - personal satisfaction from the purchased property (we use it as a physicala person), the savings on taxes of their organization, plus the price list for a non-cash payment form may be lower than for an individual.a person who also has to pay VAT (without any offsets).
Therefore, it is not always bad to have your own household, which does not necessarily have to work in a big plus.
