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Reply to: Incurring cost in UK company
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Previously on "Incurring cost in UK company"
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Originally posted by northernladuk View PostHave you asked ChatGPT? It has a ring to it. Guess I have to move with the times
you should try.
but prefer bing for most scenarios as it’s giving links and sources
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Originally posted by northernladuk View PostHave you asked ChatGPT? It has a ring to it. Guess I have to move with the times
As an artificial intelligence language model, I don't have an accountant or any personal financial information, nor do I have the ability to consult or provide advice on financial matters. However, I can try to answer general questions related to accounting or direct you to relevant resources for more information.
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Have you asked ChatGPT? It has a ring to it. Guess I have to move with the times
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Originally posted by GitMaster69 View Post
lets see what AI has to say on the topic..
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Originally posted by ladymuck View Post
You know that you get what you pay for here. Based on what you've said, your plan sounds exceptionally dodgy. No two ways about it, sorry.
Getting professional advice should have been your first port of call, not your last.
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Originally posted by eek View Post
Neither of the 2 items I mentioned are secondary - they are literally the first points I picked up as problems and both are very fundamental..
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Originally posted by GitMaster69 View Post
ok thanks everyone. It's hard to get advice without putting everything on the table, especially when topic keeps deviating to secondary things
Might need professional advice
all the best
Getting professional advice should have been your first port of call, not your last.
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Originally posted by GitMaster69 View Post
ok thanks everyone. It's hard to get advice without putting everything on the table, especially when topic keeps deviating to secondary things
Might need professional advice
all the best
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Originally posted by eek View Post
Problem 1 - you are UK tax resident and moving money abroad without a valid reason.
Problem 2 - you seem to have bank loans based on being profitable but the only income seems to be coming from your UK company..
Might need professional advice
all the bestLast edited by GitMaster69; 5 April 2023, 13:11.
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Originally posted by eek View Post
Problem 1 - you are UK tax resident and moving money abroad without a valid reason.
Problem 2 - you seem to have bank loans based on being profitable but the only income seems to be coming from your UK company..
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Originally posted by GitMaster69 View Post
Whatever! I want to invest! I'm way beyond tax efficient threshold to draw personally. How to do it and not be screwed on tax is the question!
Problem 2 - you seem to have bank loans based on being profitable but the only income seems to be coming from your UK company..
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Originally posted by Lance View Post
So what bit of putting money from one company into another, made to look like a purchase, when there is no purchase, to get someone to lend the company more money, isn't fraudulent?
Please explain in words of one syllable or fewer cos I don't get it.
Think of it as an SPV, the difference being in SPV you can have only 1 property for bank to give you mortgage.Last edited by GitMaster69; 5 April 2023, 13:00.
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Originally posted by GitMaster69 View PostCooking books, defrauding banksters, entrepreneurs bad - keep them coming
Please explain in words of one syllable or fewer cos I don't get it.
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