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Reply to: Loss on Shares through Ltd Company - Treatment?

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Previously on "Loss on Shares through Ltd Company - Treatment?"

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  • ASB
    replied
    Originally posted by EchoSierra View Post
    Not 100% sure but if you made a profit via share trading with the Ltd Company you'd have to pay CT on it...
    Yes, but that is of course different.

    I would expect that you could probably offset the loss against other share trading gains but not against normal trading income.

    Leave a comment:

  • EchoSierra
    replied
    Originally posted by ASB View Post
    You sure about that? I don't see how it is a business transaction, sure it will cause a revaluation of the retained assets but I would not have thought there would be CT relief.
    Not 100% sure but if you made a profit via share trading with the Ltd Company you'd have to pay CT on it...

    Leave a comment:

  • ASB
    replied
    Originally posted by EchoSierra View Post
    If you had a company share trading account and therefore have lost ~£4000 then this would come off your profits and reduce the amount of corporate tax you pay.
    You sure about that? I don't see how it is a business transaction, sure it will cause a revaluation of the retained assets but I would not have thought there would be CT relief.

    Leave a comment:

  • YNWA
    replied
    yes it is a TD trading account.

    Thanks

    Leave a comment:

  • EchoSierra
    replied
    Originally posted by YNWA View Post
    I bought shares through my Ltd Company for £5000 last year and due to the excellant timing, they went downward through the floor

    Anyway sold them in the end for just over a grand.

    Does anyone know if I can write of the loss as an expense? Im thinking as loss on investment??? Please tell me this is possible...

    Thanks
    Technically you are only allowed to buy shares through your Ltd Company if the share trading account is in your Ltd Company name. (TD Waterhouse offers such a service).

    If this is not the case then to avoid any illegality that £5000 should be treated as a Director's loan to you. It therefore becomes a personal, not company, loss. Capital losses from one year can be offset against capital gains from subsequent years.

    If you had a company share trading account and therefore have lost ~£4000 then this would come off your profits and reduce the amount of corporate tax you pay.

    Leave a comment:

  • spig
    replied
    Why would you buy shares through your limited company rather than buying them yourself?

    Leave a comment:

  • YNWA
    started a topic Loss on Shares through Ltd Company - Treatment?

    Loss on Shares through Ltd Company - Treatment?

    I bought shares through my Ltd Company for £5000 last year and due to the excellant timing, they went downward through the floor

    Anyway sold them in the end for just over a grand.

    Does anyone know if I can write of the loss as an expense? Im thinking as loss on investment??? Please tell me this is possible...

    Thanks
    Tags: None

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