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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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I work for someone who owns a limited company and a sole
I work for someone who owns a limited company and a sole proprietorship. We are looking to loan some funds to the sole proprietorship. The loan will be paid back in two month's time.I would like to kn… read more
bigduckontax
bigduckontax
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I'm talking to my friend who is the sole owner of a limited
Hi, I'm talking to my friend who is the sole owner of a limited company about borrowing £200k for 6 months to grow my own business. I am happy to pay interest but am trying to understand whether she w… read more
Tony Tax
Tony Tax
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High School or GED
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I am presently an IT contractor working though a LTD
I am presently an IT contractor working though a LTD company. I am starting up a new business in Sustainability which I intent to transition over to from the IT business over time as the Sustainabilit… read more
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looking for advice on opening a new limited company and transfering
looking for advice on opening a new limited company and transfering assets etc from old company to the new one. Also have an employee at present company who wants to join me as a director in new compa… read more
TaxVince
TaxVince
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Master's Degree
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Hi, I have a UK company which has around a 5k profit, and
Hi, I have a UK company which has around a 5k profit, and income (intercompany loans and management service charges) from wholly owned US subsidiaries.. Is there any problem with me taking the entire … read more
TaxVince
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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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Can you please give me advice on the tax implications of one
Can you please give me advice on the tax implications of one company forgiving a debt owed by another. I the case I have in mind the company owing the debt is a shareholder in the company to whom the … read more
Tony Tax
Tony Tax
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High School or GED
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Hi their, I run and own a small LTD Company in UK. A few
Hi their, I run and own a small LTD Company in UK. A few years ago i put a directors loan into the company. I have yet to take this back out as i had no need for it however business was going pretty w… read more
Tony Tax
Tony Tax
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High School or GED
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I am a director of a small UK Limited company. I have a
I am a director of a small UK Limited company. I have a personal car that I use for private and business purposes ( not bought by the business). If I purchase a private registration for my personal ca… read more
taxadvisor.uk
taxadvisor.uk
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Some years ago my brother and I lent a company we owned 150,000.
Some years ago my brother and I lent a company we owned £150,000. We raised the money by raising mortgages on our homes. Since then we have received payments back from the company covering the origina… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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I have a client who is a director of a close company and she
I have a client who is a director of a close company and she has a £20k+ overdrawn loan account which has accumulated over about 3 years and has never repaid it any all. She has been claiming tax cred… read more
Tony Tax
Tony Tax
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High School or GED
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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
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I have a property company with 1 flat remaining to be sold.
I have a property company with 1 flat remaining to be sold. I am planning to sell it to myself (at less than market value, then dissolve the company and pay the bank balance to myself as director. Ple… read more
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Vocational, Technical or Trade Scho
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I have a Spanish SL company and am considering purchasing a
I have a Spanish SL company and am considering purchasing a UK company as the holding company to raise investment or capital for my project what would be the downfalls?… read more
Sarah G
Sarah G
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Master's Degree
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Hi, my husband and I started a small limited company last April
Hi, my husband and I started a small limited company last April hiring out camper vans. At the beginning and subsequently since in small amounts, we have had to put our own capital (from the sale of p… read more
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Vocational, Technical or Trade Scho
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My company wants to give loan to another company. So my question
My company wants to give loan to another company. So my question is are there any Tax implications regarding this .....The two companys are not related and the loan won't be on commercial terms...Will… read more
Julie Kingham
Julie Kingham
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We are currently looking to convert our overdrawn directors
We are currently looking to convert our overdrawn directors loan accounts to PAYE and in doing this it is estimated that about £25k will be owed to HMRC in unpaid tax and NI. This and other bills cann… read more
Sam
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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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