use business account to buy and sell on Amazon

[northernladuk]

Very interesting, and if ratified by NW it sounds like its above board. I guess you would have to pay corp tax on the gains? but as long as you're making some money rather than sweet FA which is the current situation .. all good!

Indeed but do your research carefully. There are downsides such as defaulters, not lending the money out you put in etc. You put 1k in but they then loan that out in 10 quid chunks and from what the forums say it's not going out very quickly so you don't get 5% (or whatever) on your 1k by any means... Zopa have a good forum on it...

Peer to peer lending: boost savings returns? - Money Saving Expert

Zopa Talk

[DigitalUser]

Very interesting, and if ratified by NW it sounds like its above board. I guess you would have to pay corp tax on the gains? but as long as you're making some money rather than sweet FA which is the current situation .. all good!

You do pay corp tax on gains, and interestingly enough you can claim on loans that default too as capital losses, which means it's preferable to use your company as an investment vehicle. The caveat to all of this is, as mentioned previously the amount of revenue generated by your investments - if considered significant (and this is entirely dependent on HMRC's interpretation) you risk losing any entrepreneurs' relief if/when you spun down the company.