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Training ground

Training ground

LostinYorkshire;n3425792 said:
Hi Bill,

In practice Hemmings has probaby given the land to the club.

However for taxation purposes the land still has a value, which is the market value at the time the land was transferred to the club. This value will be entered in the company accounts on the balance sheet.

It is the same as if you are left property in a will. The house doesn't cost you anything but it still has a value for tax purposes, for inheritance tax purposes the house has to be valued at the time of transfer and this will be used to calculate any IHT owed and any future taxes on the disposal of the property.

The cost of property or any investment cannot be deducted from profit for income or corporation tax purposes. If you buy and sell cars for a living, you will pay tax on the profit you make during the year, you cannot deduct the cost of a car you haven't sold to reduce your profit and tax. That car only becomes relevant for income/corporation tax purposes when you sell it, it is the same for land.
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Let me rephrase that for you , "In practise, Hemmings has given the land from one company he owns to another company he owns"
 
kingpne;n3425995 said:
Went on the 3G at UCLan.
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we train on 3G ????????????????? ahhh the source of the injuries might have just raised its head !!

From an article about rugby, sound familiar!

“It is not hamstring injuries where you are talking weeks, it is the hamstring off the bone,” said Cowman, by way of explaining how injuries are changing and evolving..
 
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mapping;n3426166 said:
we train on 3G ????????????????? ahhh the source of the injuries might have just raised its head !!

From an article about rugby, sound familiar!

“It is not hamstring injuries where you are talking weeks, it is the hamstring off the bone,” said Cowman, by way of explaining how injuries are changing and evolving..
Click to expand...

Switching between many types of surface I dont think is very smart move !

Rangers yesterday confirmed their winger Jamie Murphy has been ruled out for the remainder of the season after sustaining an anterior cruciate ligament (ACL) injury in the Betfred Cup game against Kilmarnock at Rugby Park on Sunday.

Both Steven Gerrard, the Ibrox club’s manager, and James Tavernier, their captain, have suggested the synthetic pitch at the Ayrshire ground was responsible.

And the SPFL have come under increased pressure to review their long-standing policy on their member clubs having artificial surfaces in the wake of the Murphy incident.
 
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mapping;n3426163 said:
Let me rephrase that for you , "In practise, Hemmings has given the land from one company he owns to another company he owns"
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In effect probably yes.

But cash might have moved from PNE, or Deepdale Holdings to the company that owned the land, it depends how the accountants decide to show things.
 
mapping;n3426166 said:
we train on 3G ????????????????? ahhh the source of the injuries might have just raised its head !!

From an article about rugby, sound familiar!

“It is not hamstring injuries where you are talking weeks, it is the hamstring off the bone,” said Cowman, by way of explaining how injuries are changing and evolving..
Click to expand...

No.

We only trained on the 3G because of the snow.
 
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