Morning gents and possibly the occasional lady,
Quick question - my latest Ltd. Co. has been going for 3 years and lasted 2 contracts. I'd now like to totally change track and run a different sort of business. Not sure what yet but probably a training firm or buying / selling - maybe even a pub for a bit. Question is - can I use the money in the Ltd Co to finance the "new" business. If not, do I need to pay CGT on all I take out then pay that again when I take it out of the new Ltd Co?
Thank you,
Richard
That London
Quick question - my latest Ltd. Co. has been going for 3 years and lasted 2 contracts. I'd now like to totally change track and run a different sort of business. Not sure what yet but probably a training firm or buying / selling - maybe even a pub for a bit. Question is - can I use the money in the Ltd Co to finance the "new" business. If not, do I need to pay CGT on all I take out then pay that again when I take it out of the new Ltd Co?
Thank you,
Richard
That London
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