intercompany loan repayment

[mgrover]

i dont tbh, but its why ama get 1(and the one I am getting is the one i live in atm, so i know its properly sorted, no crazy hidden damp) do it for a couple of years and see if i fancy it. if i do make a proper go of it....

[mgrover]

i guess we'll see how it goes.

i think even if Labour remove the interest as a corp tax deductible thing should still be fine if i've my numbers right.

also has the added bonus of any money required can be lent from my ltd co without needing to worry about personal tax....

[mgrover]

all sound like sensible ideas.

i just think whoevers left after enough have sold up will be able to charge what they fancy really.

am defo going to pay the tulip out the house itself rather than just the interest

thats one thing am umming and ahhing about. ...

[mgrover]

recently doing similar.

i basically sent them all manors of self assessment/personal bank statements/tax overview pages/business bank statements.

all statements for last 3 months or tax related stuff last 2 years.

[mgrover]

i wish it was the third house in 18 months.

then my BTL empire would be on its way.

this will be my first, and hopefully not last. but the plan was do 1 house for 2 years to get a feel for it.

if it goes tits up, sell it and repay the loan with the money generated....

[mgrover]

fair enough, appreciate the help. the corp tax question alone kinda makes ya wonder if its worth it in grand scheme.

cheers...

[mgrover]

Money sat around doing nothing so buying a BTL.

Currently trying to decide between taking a mortgage or not.

Am kinda confused on the financial flow

Wouldn't company B only have 8k to pay company A, or I guess it goes...

[mgrover]

I am trying to understand something about intercompany loans.

Lets assume a corp tax rate of 20% for ease and ignoring all the thresholds for now(I've also seen the associated company rule but for now just for simplicity lets assume 20%).

Company A lends Company B 100,000...

[mgrover]

Out of interest(and no I won't be replicating), how does one take it as a capital asset? I thought that was only a thing via MVL?

[mgrover]

On the one hand I'd instantly vote for any party that nukes IR35 and IHT.

On the other hand Reform ain't it....