Me again guys!
After 2 1/2 years' contracting, I've got a reasonable wedge in the company as reserves.
It's sat in the A&L company deposit account - earning a truly criminal and pitiful return each month. It's seriously laughable.
I was going to close the Ltd, pay the CGT and do something more useful with it. I’m thinking investments, not fast cars and fast women!
I reckon now is potentially a good time to dip a toe in to the buy-to-let property market. Just a hunch, I’m not really an expert.
So my question; can I either:
A> Take the money out as a loan. The Ltd lends me the money as an individual and I invest it and agree some sort of repayment terms with the Ltd. What could I get away with? As long as I am making regular token repayments will this be enough?
B> Invest it in the Ltd company name. So any property I bought would be owned by the Ltd company and rents payable to the Ltd. What are the implications of this one?
p.s. In case anyone is thinking I must be sat on millions, I'm not. I live in the north of England where houses are about the same price as a bag of chips right now. This should still yield a better return than A&L are giving me
After 2 1/2 years' contracting, I've got a reasonable wedge in the company as reserves.
It's sat in the A&L company deposit account - earning a truly criminal and pitiful return each month. It's seriously laughable.
I was going to close the Ltd, pay the CGT and do something more useful with it. I’m thinking investments, not fast cars and fast women!
I reckon now is potentially a good time to dip a toe in to the buy-to-let property market. Just a hunch, I’m not really an expert.
So my question; can I either:
A> Take the money out as a loan. The Ltd lends me the money as an individual and I invest it and agree some sort of repayment terms with the Ltd. What could I get away with? As long as I am making regular token repayments will this be enough?
B> Invest it in the Ltd company name. So any property I bought would be owned by the Ltd company and rents payable to the Ltd. What are the implications of this one?
p.s. In case anyone is thinking I must be sat on millions, I'm not. I live in the north of England where houses are about the same price as a bag of chips right now. This should still yield a better return than A&L are giving me
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