Buying Gold Coin Assets to Avoid Corporation Tax

[flawless101]

Hi,

My wife and I are both directors/shareholders in a limited company.
I was just wondering, what would the limited company from buying gold coins as assets to reduce corporation tax and dividend tax?
The idea is that we buy these every year - hence us avoiding the 40% tax rate for that year.
When we retire - say in 10 years' time - we could shut down the company and pay Corporation tax/dividend tax at that time.

Can anyone see anything wrong in us doing the above?

Thanking you for your reply.

[atticus]

Have you consulted your accountant?

[flawless101]

Have you consulted your accountant?

Hi,

Yes, he sees no problem.
I was just worried about some of the things I had read as to how HMRC may look at the situation - hence, my post for some advice.

[atticus]

Your accountant is (a) a professional adviser and (b) insured. Or do you prefer what unknown people on the internet may say?