Reply to: Are student loans repayed on Capital Gains??

[jmo21]

Please say in one sentence what you think is so wrong?

And I am not blaming Uptons - Its partly my fault and getting a face to face with them is not straightforward

"I was under the impression...37k divdends" etc

Sounds like you are blaming Uptons for that.

You clearly do not even understand the basics of taking small salary, plus divdends route. I am 99.9% sure Uptons did not lead you down that garden path.

[Clippy]

Please say in one sentence what you think is so wrong?

And I am not blaming Uptons - Its partly my fault and getting a face to face with them is not straightforward

Joey - can I call you that - or do you prefer Mr Deacon?

Anyway, don't let my sub-5000 post count put you off, but you are undeniably a fkwt.

HTH.

[RichardCranium]

I looked at that and there was nowt about capital gains.

There doesn't need to be. Does this sum it up:

"If you have unearned income from stocks, shares and savings or other sources, you will be required to calculate any student loan repayments due through Self Assessment in addition to any repayments which are deducted through PAYE."

It seems to me that by whatever means you get money from your LtdCo, that money will be determined to be income that can be used in the student loan repayment calculations.

CGT is important becuase closing the company down and doing entrepenuers relief is classed as CGT. Yes HMRC can see through that but it's completely above board

Good luck with that.

[joey122]

Google is my frend. And I didnt eeven go to kollij.

http://www.direct.gov.uk/en/Educatio...98/DG_10034871

Didn't anyone tell you this stuff when you applied for the loan?

I looked at that and there was nowt about capital gains.

CGT is important becuase closing the company down and doing entrepenuers relief is classed as CGT.

Yes HMRC can see through that but its completely above board

[RichardCranium]

I'd love to help you out Joey. Do you remember which way you came in?

<copies>, <pastes>

Thank you, OS. I expect I can find uses for that.

[RichardCranium]

Google is my frend. And I didnt eeven go to kollij.

http://www.direct.gov.uk/en/Educatio...98/DG_10034871

Didn't anyone tell you this stuff when you applied for the loan?

[DiscoStu]

Another example of arse*ole forum members with 6K posts.

If you dont want to contribute then GET STUFFED madmad

We do contribute Joey. I'm sure if you asked nicely someone could probably code you a stupid question generator to save you logging on at all.

[Coalman]

I've only got 280 posts (at a slower rate than you) but agree with everyone else.

You don't get something for nothing.

Death and taxes. OR follow HABs route out.

[RichardCranium]

Are student loans repayed on Capital Gains??

Where does Capital Gains Tax come into it. Anyway,

If you have any ’unearned income’ from other sources like savings or investments, remember that this counts towards your total income.

I have a student loan which I dont want to pay back just yet

Given it has an interest rate of 0% I can see why.

I initially thought of closing the company after 3 years and only taking a 5K salary. I guess I could then use entrepenurial relief and pay 10% on everything withdrawn.

I think the taxman might see right through that.

How do people on here actually get around paying student loans hwere possible

By being so old they got a grant or by not having gone at all.

what is the general accepted route for taking money out of the company above the 37K dividend route

By taking even more dividends. Or pensions. Or expenses. Or something else, spending it on stuff I suppose

[joey122]

I'd love to help you out Joey. Do you remember which way you came in?

Another example of arse*ole forum members with 6K posts.

If you dont want to contribute then GET STUFFED madmad

[oracleslave]

I just love this site - You get tulip contractors with 5k + posts who patronise people on here.

I'd love to help you out Joey. Do you remember which way you came in?

[DiscoStu]

I just love this site - You get tulip contractors with 5k + posts who patronise people on here.

The reason you're patronised is because you come across as a retard.

HTH

[joey122]

I'll do it in one word: You.

HTH

I just love this site - You get tulip contractors with 5k + posts who patronise people on here.

[DiscoStu]

Please say in one sentence what you think is so wrong?

I'll do it in one word: You.

HTH

[joey122]

There is so much wrong with this paragraph I don't know where to start.

Pretty tulipe trying to blame Uptons - I bet they didn't make up this nonsense for you.

Please say in one sentence what you think is so wrong?

And I am not blaming Uptons - Its partly my fault and getting a face to face with them is not straightforward