Reply to: Entrepreneurs' Relief

[lithium147]

You could leave it there till you stop working (retire, or go overseas).
You would want to invest it to make it work for you though, while its there.
Perhaps buy some commercial property with a 50% business loan.
Then pay the rental income from the property directly into a pension, that way your CT bill will always be neutral.

[NickNick]

Business entertainment?

There may be laughing involved.

[Jessica@WhiteFieldTax]

Or pay 25k in divis and cough up the tax and then get the remaining 25k.

Hectors wise to that, so it needs to be done "with care"

[speling bee]

In NLUK's case it would be under Charity wouldn't it?

And I bet Clare's over the 10,000 miles this year.

[Clare@InTouch]

Well ASB has claimed for something similar. Check post 48 onwards....

http://forums.contractoruk.com/accou...unction-5.html

Excellent thread, amazing how you can go from entertainment to swingers parties in one post!

[MarillionFan]

Business entertainment?

In NLUK's case it would be under Charity wouldn't it?

[northernladuk]

Get a room you two! (NLUK: check with Clare if you can expense it first though)

Well ASB has claimed for something similar. Check post 48 onwards....

http://forums.contractoruk.com/accou...unction-5.html

[Clare@InTouch]

Get a room you two! (NLUK: check with Clare if you can expense it first though)

Business entertainment?

[captainham]

Get a room you two! (NLUK: check with Clare if you can expense it first though)

[Clare@InTouch]

Ohhh, disappears for ages and then ticking me off first post back.. nice

Fat chance of anyone taking me seriously. I have made my bed now, just have to lie in it

Missed you too

[northernladuk]

Stop it, someone will take you seriously

Ohhh, disappears for ages and then ticking me off first post back.. nice

Fat chance of anyone taking me seriously. I have made my bed now, just have to lie in it

[Clare@InTouch]

Just do ER twice. Easy.

Stop it, someone will take you seriously

[speling bee]

Yes, almost certainly.

However you can only have £25k out as capital under the new statutory successor to ESC C16, and its all or nothing, £25,001 and you are stuffed. To get the full £50k out you would need to go through a liquidation, search the posts re MVL online on here, haven't used them / no connection, but they seem to have set up a sensible solution for this.

Or pay 25k in divis and cough up the tax and then get the remaining 25k.

[northernladuk]

Yes, almost certainly.

However you can only have £25k out as capital under the new statutory successor to ESC C16, and its all or nothing, £25,001 and you are stuffed. To get the full £50k out you would need to go through a liquidation, search the posts re MVL online on here, haven't used them / no connection, but they seem to have set up a sensible solution for this.

Just do ER twice. Easy.

[Jessica@WhiteFieldTax]

Yes, almost certainly.

However you can only have £25k out as capital under the new statutory successor to ESC C16, and its all or nothing, £25,001 and you are stuffed. To get the full £50k out you would need to go through a liquidation, search the posts re MVL online on here, haven't used them / no connection, but they seem to have set up a sensible solution for this.