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Recent content by Pegasus

  1. P

    Writing off inter-company loans

    Hi Chimpmaster, What did you finally do? Did you get the intercompany loan written off? Thanks in advance.
  2. P

    Intercompany Loan SPV

    Thanks ChimpMaster. Once the loan has been repaid fully, do you reckon that having such intercompany loans in the past, could still cause any issues in MVL or Entrepreneur Relief, when closing the IT company? Or once that loan has been repaid fully, then its all good and clear?
  3. P

    Limited Company BTL Mortgage

    Hi All, Has anyone taken a BTL mortgage for a new limited company (SPV), where the deposit is coming through an inter-company loan from another existing limited company (with same director / shareholders)? If yes, please let me know the names of the lenders who support this structure? (I...
  4. P

    DIY Pensions for a Limited Company?

    Hi Adubya, How much time did your application with iWeb take? Using the previous 3 years unused pension contributions - my understanding is that it is applicable only if you already had an existing sipp account? So, for someone like me, who is opening a pension account for the first time, I...
  5. P

    Employer Pension Contribution

    To clarify - If ER is denied, then will one need to pay 20% CGT, or 7.5%/32.5% dividend tax? Thanks.
  6. P

    Limited company - company pension?

    Hi Adubya, The initial company contribution you made, was that through cheque payment or direct debit instruction on application form? What is iWeb's process for ad-hoc company contributions - do they need some form filling every time? can the money be transferred online, or through cheque...
  7. P

    p2p investment

    Thanks ChimpMaster. To clarify what do you mean by "..claim relief to work around CGT and SDLT double-taxation". What's that about and how does that work? (Interested as I have few personal BTLs as well) Thanks.
  8. P

    p2p investment

    Hi ChimpMaster - have you taken that route? That is, giving a loan to SPV, and buying a BTL through SPV? JMann - Please let us know what your accountant says. Please let me know if others have any opinion on this.
  9. P

    p2p investment

    Yes, thats exactly what my thought also was. From the viewpoint of the contracting limited company OurCo, it is just a "loan" given to the SPV, on which it will get some interest (similar to what would happen in P2P, savings account etc), so it should not be an issue. But my accountant said...
  10. P

    Limited company - company pension?

    Thanks. Have been looking into iWeb this morning. They seem to have £25 charge for opening ISA/Dealing account (though LangCat article says £200). But no charges for opening a SIPP account. But if I apply for a SIPP account, won't I also need to open a Dealing account to buy/sell shares? Does...
  11. P

    p2p investment

    Can you please confirm with your accountant whether setting up a SPV for BTL, and giving a loan from your parent company to SPV for this purpose, affect your chances of getting Entrepreneur Relief later on? Thats what my accountant told me last year, but did not appear 100% confident. So will...
  12. P

    Limited company - company pension?

    FredBloggs: Great, thanks. Having an input from someone who has had both HL and II is very useful. I think I would go for II between them, as I do plan to build up my pension pot to a decent figure over a period of time (provided the rules don't change). DallasDad: Thanks for the LongCat link...
  13. P

    Limited company - company pension?

    Thanks guys. Yes, all your inputs are very much appreciated, and they are perfectly in-line with my thoughts - II is fixed fee so much cheaper for larger value SIPPs compared to % fee of HL. Currently I have 0 pension, but do plan to build that up by 40K every year for next few years. In the...
  14. P

    Limited company - company pension?

    Hi, Any specific reason you chose II? I am currently deciding between HL and II and plan to take a decision next week, so any inputs are helpful. Thanks.
  15. P

    Limited company - company pension?

    Thanks. Yes, thats right. There are a lot of "full" SIPPs which allow commercial property etc etc. Not very keen on those, as I probably won't end up using a lot of their features (which I would be paying for). As almost all the low-cost execution-only SIPPs allow us to buy shares, just wanted...
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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
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