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Related UK Tax Questions
Please, can you advise? If director does not have any proper
HelloPlease, can you advise? If director does not have any proper income, getting JRS grant for paying his wages. Can he take out around £8000 loan via his business and then take these money out from … read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,168 satisfied customers
I would like to check with you. Friend has limited company.
HelloI would like to check with you. Friend has limited company. He would like to take business loan for £40 000. He would like to use these money for paying off his another 2 personal loans. Would he… read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
468 satisfied customers
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
Accountant
FCCA FCMA CGMA ACG
1,335 satisfied customers
I have setup a limited company 4 years ago as a company director.
I have setup a limited company 4 years ago as a company director. For tax saving reasons we have only declared up to personal allowance for my salary. I need to raise £100k to do my own house extensio… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
i have a ltd company i own all the shares i have taken wages
i have a ltd company i own all the shares i have taken wages to the threshole and have 49 000 after my corparation tax if there a better way of me taking all the money out than just writing divenends … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
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, what is the most efficient way to withdraw £6k per month
HI, what is the most efficient way to withdraw £6k per month from my closed company with only one director, me? Currently I pay myself £10k salary,£32k dividend gross, expense £1k an month via the bus… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,168 satisfied customers
If I set up a LTD Company under my name, and I want to obtain
If I set up a LTD Company under my name, and I want to obtain a mortgage, will the mortgage company allow 3 payslips as proof of salary. or because I am effectively self employed will i need to submit… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
i went to the citizens advice last year as i was out of work
i went to the citizens advice last year as i was out of work and wanted to egin working for myself, after hearing my plans they told me that i should register a limited company. i have no idea what my… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
Good morning. Since being made redundant I have been doing
Good morning. Since being made redundant I have been doing contract work through my own limited company. After claiming for work related expenses I have withdrawn £46,468 during the last financial yea… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I own 100% of a small limited company. I loaned myself most
I own 100% of a small limited company. I loaned myself most of the retained profits in January, tired of 0% interest in the business bank account and seeking to advantage from better personal interest… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
Thanks Sam, It is all very odd isnt it! A couple of follow
Thanks Sam, It is all very odd isn't it! A couple of follow ups if I may... They are adamant that the money is not coming from the company from their own private bank accounts, so when we receive it t… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
My wife and I are currently in business partnership with an
My wife and I are currently in business partnership with an annual profit of £50,000 which we split as our income. Would I pay less tax if I was to change the status of the business from a partnership… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Our company is currently owned as follows 60% Mr & Mrs
Our company is currently owned as follows: 60% Mr & Mrs J 20% Myself 20% Mr C We came to an agreement on November 1st 2010 (start of our new financial year) with Mr and Mrs C that the company buy back… read more
CCTax
CCTax
Bachelor's Degree
324 satisfied customers
I have a small salary of 6120 per year.Also dividends of 55,000
I have a small salary of £6120 per year.Also dividends of £55,000 from my own company own 50:50 shares with my wife. A further dividend of 115,000 from another company,I own 40% of the shares.What is … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
I have my own limited company working as a consultant, I have
I have my own limited company working as a consultant, I have a directors loan which I need to repay by 9 months after my year end. Can I offset expenses paid out of my own bank account against this l… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My father recently passed away and left me his house in his
My father recently passed away and left me his house in his will. Its value is about £100k and so falls within the inheritance tax limit. I have just started renting it out as don't wish to sell at mo… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
I have recently formed my own company of which i am the sole
I have recently formed my own company of which i am the sole employee and share holder. I have also been consulting for another company mfor the last 3 months and they owe me about £6,500. Is it more … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
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