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Me loaning money to LTD CO

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    #11
    You could call the £50k capital as well. Although that has different tax distinctions when taking it back out.
    See You Next Tuesday

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      #12
      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

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        #13
        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???
        'CUK forum personality of 2011 - Winner - Yes really!!!!

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          #14
          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
          See You Next Tuesday

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            #15
            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.
            See You Next Tuesday

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              #16
              What did NLUK's accountant say? 😎
              I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).

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