The Money Podcast cover image

Can You Still Make Money From Property Investing?

The Money Podcast

00:00

How to Sell Your Watches to Your Company

I think I've sold about half a million pounds worth of my watches to my company. So my company now owns those watches as an asset. Ticked off by my accountant who's one of the best in the country. They don't get worn so there's no duality of purpose. But because I bought them off myself, it's essentially like being able to pay myself £500,000. Now if I'd have done that as a drawing that would cost me £1.1 million. Instead it cost me £ 500,000. And then if I need the money I'll just sell the watches.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app