Buying Shares with Company funds

[xpwebb]

Is there any advantage to buying shares (perhaps FTSE or AIM) with company money (rather than personal), in terms of tax avoidance? I guess CGT is payable on gains but what about losses? Are they just 'written off'.

help please!

[Bradley]

Re:Shares

Bad idea

- you lose personal annual gains exemption (currently £8500)
- you lose taper relief (up to 40%)
- you get taxed twice - once in the company and then again on removal
- it potentially reduces the taper relief on the shares in your company