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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 am looking into a corporate tax structure that allegedly
I am looking into a corporate tax structure that allegedly reduces income tax and corporation tax. Would you be able to advise how this would work? Thanks: "This solution allows a UK trading company t… read more
bigduckontax
bigduckontax
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Limited company incorporated in Scotland with the following
Good Morning,Limited company incorporated in Scotland with the following business activities: Primary - Other letting & operating of own or lease real estate Other - Accounting/audit servicesThe direc… read more
bigduckontax
bigduckontax
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We've had an approach from a third party who wishes to acquire
We've had an approach from a third party who wishes to acquire our limited company shares (not an asset purchase). We have director loans and it has been suggested that we convert these to equity and … read more
bigduckontax
bigduckontax
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Tony, I have a CIC client and the Director paid personally
Hi Tony, I have a CIC client and the Director paid personally for a lot of the initial expenses. Some four years on the Director has decided to ‘donate' the amount owed to her in her Director's Loan a… read more
Tony Tax
Tony Tax
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Our limited company is going to be closed. There are some assets: 1.
Our limited company is going to be closed. There are some assets: 1. Inventory (Vat 20%) ~ £700 2. Computer purchased BEFORE VAT registration, depreciated twice, £350 3.Equipment purchased AFTER VAT r… read more
taxonomy12
taxonomy12
64 satisfied customers
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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Re: Entrepreneurs Relief. My wife (25%) and I (75%) have
Re: Entrepreneur's Relief. My wife (25%) and I (75%) have a limited company that owns a golf driving range on leased land. The lease has 2 years left and the business will cease to trade then (Oct 201… read more
Sam Pathak
Sam Pathak
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Hi Vince, I have a uk ltd company that I want to sell. The
Hi Vince, I have a uk ltd company that I want to sell. The company has a loan account in excess of £200k(my money invested in the business and losses) Therefore £200k losses. The purchase price is £25… read more
TaxVince
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Hi Company went into administration in 2010. Since found
Hi Company went into administration in 2010. Since found out that although the subscribed value of the shares was £100, the directors purchased the shares form a third party(original director and shar… read more
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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
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Sam Pathak
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I have a self employed business selling financial services.
I have a self employed business selling financial services. This busienss currently has agreed value of £510000. I am setting up a ltd company and need to know if this can be sold to my limited comapa… read more
taxadvisor.uk
taxadvisor.uk
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I have a client that has an overdrawn DLA of £30k -Co.A and
I have a client that has an overdrawn DLA of £30k -Co.A and cannot afford to pay it back and cannot pay the income tax on it. This director is a director of two companies-. She owns about 30k of share… read more
mark25551
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I am now employed and paying paye but my previous business
I am now employed and paying paye but my previous business ceased trading and I am paying back company debts which had personal gaurantees attached. Can I claim for these payments on my self assesment… read more
Tony Tax
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I owned a company which owned property from which its sudsidiary
I owned a company which owned property from which its sudsidiary company traded as a hardware store. In 2006, I sold the hardware trading comany to a third-party, but the property holding company was … read more
Sarah G
Sarah G
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A small familiy owned limited company wishes to cease trading.
A small familiy owned limited company wishes to cease trading. There are no assets or liabilities except for loans owed to the Co Secretary of £2,500 and £11,000 to the managing director. (both family… read more
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Id like to reduce my tax bill. My idea was My existing
I'd like to reduce my tax bill. My idea was: My existing business, which I run as self-employed would be licensed to a limited company which I own (granting the right for the company to operate and co… read more
Julie Kingham
Julie Kingham
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What are the cases supporting transferable goodwill which is
What are the cases supporting transferable goodwill which is recognised as a tangible asset. I am looking for a parallel where a franchise sole trader sold to a limited company newly formed to tae ove… read more
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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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