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Related UK Tax Questions
Please, if I sell my Sole Trading business to my LTD this
HelloPlease, if I sell my Sole Trading business to my LTD this year, when should I record capital gains tax? Is it in Self Assessment 2020/21 then - so Incorporation tax relief will apply? And How to … read more
Michael Koppel
Michael Koppel
Senior Tax Associate
Bachelor's Degree
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Would like to ask, if person sells his Sole Trading business
HelloWould like to ask, if person sells his Sole Trading business to LTD for example for £100 000, then does his LTD needs to pay any Corporation Tax , and does he needs to pay any dividends tax in fi… read more
bigduckontax
bigduckontax
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My friend would like to change from sole trading to Ltd, is
HelloMy friend would like to change from sole trading to Ltd, is there any way how to do this in the tax most optimal way (selling sole trading to Ltd) ...? Thank you… read more
taxadvisor.uk
taxadvisor.uk
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I am a sole trader operating under a Limited Company and am
Hi, I am a sole trader operating under a Limited Company and am about to file my first set of accounts, using the micro-entity format, with HMRC. I don't have an accountant for this currently due to s… read more
taxadvisor.uk
taxadvisor.uk
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Please, can you advise what is difference between Director
HelloPlease, can you advise what is difference between Director Loan account and Owners Drawings? If I paid by business bank account for something which was not part of business, how should I record t… read more
taxadvisor.uk
taxadvisor.uk
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1. Is it possible for a Ltd company to lend a person or
1. Is it possible for a Ltd company to lend a person or another Ltd company money ? Does they have to be any special circumstances for this to be allowed ? Does the Ltd company have to charge interest… read more
bigduckontax
bigduckontax
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Assuming a UK resident owns 3 UK Ltd company's. A is the
Assuming a UK resident owns 3 UK Ltd company's. A is the main business. B and C are vehicles for profits and loans. Could B provide a directors loan. A year later, C provides a directors loan and the … read more
bigduckontax
bigduckontax
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Would the Isle of Man be suitable for a holding company, to
Would the Isle of Man be suitable for a holding company, to take care of the CT side of things? The reason I ask is that I have family friends over there. Many months ago, I looked into the costs of i… read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
1,335 satisfied customers
We have a Ltd company with a significant Directors loan that
We have a Ltd company with a significant Director's loan that has been made up of significant monies put into the business. The business is now profitable and growing strongly. We expect to be able to… read more
Tony Tax
Tony Tax
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High School or GED
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M LTD Y/E 31.12..IS THE CO TRADING AS A MEDICO LEGAL PRACTICE
M LTD Y/E 31.12..IS THE CO TRADING AS A MEDICO LEGAL PRACTICE (VAT REGD) FOR OVER 5 YRS, DIRECTOR DR JK; SHAREHOLDERS ARE DR JK 50% MRS SK 40% AND SON MR VK 10% E LTD Y/E 31.03.. IS THE CO TRADING AS … read more
Expert
Expert
Hi, my question concerns amortisation of goodwill. We have
Hi, my question concerns amortisation of goodwill. We have a Ltd Company which was formerly a Partnership and on the advice of an accountant, independently valued goodwill of £250K was realised upon t… read more
mark25551
mark25551
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What are the legal & tax implications if a limited company
What are the legal & tax implications if a limited company lends money to another company?… read more
Sam Pathak
Sam Pathak
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Master's Degree
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CHANGING FROM A SOLE PROPRIETOR BUSINESS TO A LTD COMPANY. Hi, At
CHANGING FROM A SOLE PROPRIETOR BUSINESS TO A LTD COMPANY. Hi, At the moment the business is a sole proprietor, vat registered business. From the 1st January 2012 it will become a ltd company and I ne… read more
mark25551
mark25551
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i understand the entries for a sole trader to start, Dr Cash
i understand the entries for a sole trader to start, Dr Cash Cr Capital but to start a ltd or plc i am unsure. Also how far can you go back for pre - trading expenditure.… read more
mark25551
mark25551
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Hi I am building up my accounts to submit to companies house.
Hi I am building up my accounts to submit to companies house. The company only had a turnover of £117 so you would think it would be easy but there is something that I just can't work out. I am thinki… read more
taxadvisor.uk
taxadvisor.uk
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I had a company in the UK for 4ish years, I left the UK to
I had a company in the UK for 4ish years, I left the UK to take up full time employment back home in Ireland (republic). Sorting out the tax issues from the company showed some financial holes. VAT ma… read more
berduchwal
berduchwal
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Licenciatura
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If a owner of a company loans the company money and repays
If a owner of a company loans the company money and repays himself later is it a drawing and therefore taxable or is it just a loan repaid, and where in the ledgers would you show these transactions… read more
Julie Kingham
Julie Kingham
Director
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I work for a building company who holds several properties,
I work for a building company who holds several properties, they hold them until they are ready to be developed, at the end of last year they were incorporated, changed to 'ltd' status. Our accountant… read more
TEAP007
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