Me loaning money to LTD CO
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    You could call the 50k capital as well. Although that has different tax distinctions when taking it back out.
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  2. #12

    More time posting than coding


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    Quote Originally Posted by Lance View Post
    You could call the 50k capital as well. Although that has different tax distinctions when taking it back out.
    Hi Lance, could you give me a bit more info please.

    Thanks

  3. #13

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    Quote Originally Posted by richy View Post
    Hi Lance, could you give me a bit more info please.

    Thanks
    Are you really sure about that request???
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    Quote Originally Posted by richy View Post
    Hi Lance, could you give me a bit more info please.

    Thanks
    holy thread resurrection batman.......

    You put 50k cash into the company as capital rather than a loan. That's an investment not a loan. Your shareholding becomes greater and the company doesn't have any debts.

    Whether you do this, rather than a loan, is dependant on your exit strategy. If you intend to close the company with a lot of cash in the bank, to get entrepreneur's relief, then that 50k will be offset against the CGT you'd pay. If that's not your intention then there's little to be gained by this method over a loan.

    IANAA
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    Quote Originally Posted by northernladuk View Post
    Are you really sure about that request???
    That's lacking in useful content even for you. I'm disappointed.

    3/10 Must try harder.
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