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Related UK Tax Questions
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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FCCA FCMA CGMA ACG
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I am a director an only employee of my Limited company and
I am a director an only employee of my Limited company and had an 8 month contract with a employment agency to deliver personal services to a financial software vendor from 23.04 to 30.11.2014 and my … read more
Sam
Sam
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Higher Officer HMRC
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I am a therapist and set up a company for me. I will be a sole
I am a therapist and set up a company for me. I will be a sole trader and haven't registered with HMRC yet. Here are my questions: 1) I opened a separate bank account for my business and I will put my… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
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Can and if so how most tax efficiently can I lend money from
Can and if so how most tax efficiently can I lend money from a limited co of which I am a 50% shareholder to a new co of which I am a 100% shareholder? Does it have to be repaid? Does interest have to… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
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I am setting up a new business and have heard of the option
I am setting up a new business and have heard of the option of setting up an LLP and LTD to work in tandem to maximise tax efficiencies. Is this correct and how would it work with payroll etc? To clar… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,168 satisfied customers
Hi, Ive been using my limited company account as if it was
Hi, I've been using my limited company account as if it was a personal one. Not taking the accurate salary each month or reasonable dividends. I'm not hard up so I dont mind how much it costs in tax t… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
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Hi, I am starting up a small business in childrens parties. Could
Hi, I am starting up a small business in childrens parties. Could somebody explain the difference between setting the company up as sole trading or a limited company? I know with one you can claim tax… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
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2,168 satisfied customers
Hello As a company limited in the UK - to avoid paying UK
Hello As a company limited in the UK - to avoid paying UK tax legally - I transfer all of the profits to the US via PayPal USA business account where the US company name is XXXXX XXXXX PayPal and then… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
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Hello im getting very confused here.... I am self employed
Hello im getting very confused here.... I am self employed in the construction industry. Plus i have a ltd company for selling things on ebay, as at one point i was receiving funds over the paypal lim… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
i have a ltd company iam single living with my partner and
i have a ltd company iam single living with my partner and 2 kids ,i own several houses paying me about 45000, my ltd company earns me aprox 65000 ,because of my earning from my houses i only take a s… read more
berduchwal
berduchwal
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Hi mark, Continuing on from previous conversations and advice,
Hi mark, Continuing on from previous conversations and advice, I have been contracting for over a year as a Ltd company,carrying out a series of contracts, I completed my first set of accounts at 31 D… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
Hi. I would like to lend money from my Limited company to my
Hi. I would like to lend money from my Limited company to my 'self-employed' company. Is there any way I can do this without becoming liable for 25% tax?… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
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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
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Chartered Tax Adviser
Master's Degree
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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
Audit & Accounts Manager
ACCA
197 satisfied customers
I am employed, I also have started a ltd business and I do
I am employed, I also have started a ltd business and I do freelance work - I am not registered as self employeed as well but think I should be what would be most tax effficent for me to be completly … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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I read that a uk LTD could offset the entire purchase of a
I read that a uk LTD could offset the entire purchase of a car that had emissions less than 120g CO2 against the current years tax. Does it have to be with cash from the business?Does this rule out bu… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Im looking to start up a new business (LTD - limited by guarantee)
I'm looking to start up a new business (LTD - limited by guarantee) and wanted to know the following. 1.) At what point would I have to pay any taxes? e.g 9mths from registration? 2.) There will be my… read more
Anne T
Anne T
Bachelor's Degree
146 satisfied customers
I had a Ltd company trading from a property I also own. The
I had a Ltd company trading from a property I also own. The ltd company paid rent, it put an extension on the back of the building. The ltd company has since gone into liquidation. Inland Revenue are … read more
Sam
Sam
Accountant
Higher Officer HMRC
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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