Fund/Share accounts for Companies

[Maslins]

So, if I understand this correctly, the Company pays 18% tax on capital gain and 21% corporation tax on income, and there are no tax-free allowances. Assuming no dividends, when the Company is wound-up the shareholder (me) pays tax on the capital gain that exceeds the tax-free allowance (£10100).

No, the company pays 21% corporation tax on basically any profits, regardless of whether they be trading or capital gains. You may then be taxed again when you extract funds from the company, depending on your circumstances at the time and whether funds are extracted as dividends/capital.

If you owned the assets individually, you would be taxed at 18% (assuming these are non-business assets such as BTL properties or shares in big PLCs entrepreneurs relief will not apply). You will also get the first ~£10k/year tax free on gains.

Offshore funds etc really aren't my bag.

[JavaSpring]

So, if I understand this correctly, the Company pays 18% tax on capital gain and 21% corporation tax on income, and there are no tax-free allowances. Assuming no dividends, when the Company is wound-up the shareholder (me) pays tax on the capital gain that exceeds the tax-free allowance (£10100).

I've heard about off-shore bonds - what is the tax attraction of off-shore ? Rolling up any annual income until the investment matures ? Is corporation tax not due on accrued income from such vehicles ?

Thanks

[JavaSpring]

OK, thanks for warning me about Capital Gains Tax. I didn't see that mentioned elsewhere.

[Maslins]

As mentioned elsewhere, be a bit wary of using the company as an investment vehicle.

The main reason being tax on any capital gains you may make are typically far higher through a company.

[moorfield]

TD Waterhouse do a ltdco trading account too.

Don't forget to tell your number bods.

[Andy2]

I think barclays offer this kind of account
check with them

[JavaSpring]

I have some money in my Limited Company. If it were my own I would buy shares <removed> or funds of some kind. Can a Company do this ? How provides fund accounts for Companies ? How much do they cost ?

Cheers