I'm going to start investing in some metals (bullion bars - physical metal) for a longterm investment. Buying the metal once per month at £xxx amount and hoping it will increase in value in 10 years time for me to tell off and make a profit for my retirement.
My question is, I run a business, and wondered if it was possible for me to buy the metal through my business account, and offset the costs against my profits/taxes? This would save me huge amounts but I'm not sure if it would be classed as laundering or what the legal implications of this are.
If anyone can advise me on this that would be great. I'm done some googling but unable to find an answer to this question.
Many thanks.
My question is, I run a business, and wondered if it was possible for me to buy the metal through my business account, and offset the costs against my profits/taxes? This would save me huge amounts but I'm not sure if it would be classed as laundering or what the legal implications of this are.
If anyone can advise me on this that would be great. I'm done some googling but unable to find an answer to this question.
Many thanks.