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Previously on "Trading opportunities with large sums of cash?"
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Do we not. I thought that if we wound up a company, we could claim ER - as long as we don't just start up another LtdCo the next day.Originally posted by TopBanana View PostOK, so we don't qualify for entrepreneurs' relief if we just have a load of cash piled up.
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I think the OP meant you can claim entrepreneurial relief on cash in the bankOriginally posted by ChimpMaster View PostWhat?
I don't know where you're getting your info but you need some education in small Ltd companies!
Or...Get an accountant, ask him. Simples.
I have checked and you can
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What?Originally posted by TopBanana View PostReally? Interesting.
My understanding was that it only applied when the money was being actively used for trading.
I don't know where you're getting your info but you need some education in small Ltd companies!
Or...Get an accountant, ask him. Simples.
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Really? Interesting.
My understanding was that it only applied when the money was being actively used for trading.
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Eh?Originally posted by TopBanana View PostOK, so we don't qualify for entrepreneurs' relief if we just have a load of cash piled up. etc..
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You must take me for a fool Simon.
Large pile of beans. Final offer.
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With careful planning I can help you trade a large sum of cash for a small pile of magic beans?!
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For Sale, Resale Distressed / Repossessed UK Property - United KingdomOriginally posted by TopBanana View PostOK, so we don't qualify for entrepreneurs' relief if we just have a load of cash piled up. There must be opportunities out there to make a little cash by actively trading. Perhaps buying in bulk and selling on in somewhat lesser bulk? Any thoughts?
Buy up for rental or buy up, quick coat of magnolia and hey presto, sell on.
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you can buy property, it can only go up, since they don't make Britain any bigger, right.Originally posted by TopBanana View PostOK, so we don't qualify for entrepreneurs' relief if we just have a load of cash piled up. There must be opportunities out there to make a little cash by actively trading. Perhaps buying in bulk and selling on in somewhat lesser bulk? Any thoughts?
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Open a tat shop?Originally posted by TopBanana View PostOK, so we don't qualify for entrepreneurs' relief if we just have a load of cash piled up. There must be opportunities out there to make a little cash by actively trading. Perhaps buying in bulk and selling on in somewhat lesser bulk? Any thoughts?
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Trading opportunities with large sums of cash?
OK, so we don't qualify for entrepreneurs' relief if we just have a load of cash piled up. There must be opportunities out there to make a little cash by actively trading. Perhaps buying in bulk and selling on in somewhat lesser bulk? Any thoughts?Tags: None
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