We have to stress at this very early point that the legislation is still in its draft form. In fact, there are one or two key aspects of the legislation that are yet to be written. By way of example, the Inland Revenue election forms have not yet been designed.
We’ll talk individually to all of our active LAQC clients over the next few months, and we’re hopeful that we’ll be able to provide you with what we believe is likely to be the best option for you.
The transition across to an LTC or the restructuring for those clients for whom the company vehicle is no longer appropriate, needs to be completed for most clients by 30 September 2011. Hence, there is still time to make an informed decision.
We’ll be back to you with an update. In the mean time, if you do want to chat about the options and your circumstances do of course call or drop us an email.
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