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Related UK Tax Questions
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
Accountant
FCCA FCMA CGMA ACG
1,335 satisfied customers
Please, can you advise me on selling Sole trading business
HelloPlease, can you advise me on selling Sole trading business to Ltd , now I need to know :1) how to do with Fixed asset - what CR and DR transactions will look like (if for example Sole trader sell… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,335 satisfied customers
Can a UK limited liability comapny pay a salary to a
Can a UK limited liability comapny pay a salary to a non-resident director? If yes, the salary of the non-resident director is taxable in UK ?… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,335 satisfied customers
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
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,396 satisfied customers
Please, can you tell me? My friend is director of Ltd but he
HelloPlease, can you tell me? My friend is director of Ltd but he is not on PAYE and he only declared salary last year - around £5000. Can he apply for some support? Thank you… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
Please, can you advise? Is it possible that director invest
HelloPlease, can you advise? Is it possible that director invest money/give loan to his ltd and then he keeps getting interest on it paid to himself? If yes, is this interest received tax free? Thank … read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,335 satisfied customers
My friend has Ltd company. She is trying to buy house. She
Hello My friend has Ltd company. She is trying to buy house. She would like to ask this: "My deposit for the house is slightly higher than I expected. I could take this money out from company's loan I… read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,396 satisfied customers
Please, can you advise? As a director of Ltd is it better to
HelloPlease, can you advise? As a director of Ltd is it better to be taking dividends or salary? And why? Thank you… read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,396 satisfied customers
If I have a loan agreement with an individual but he transferred
If I have a loan agreement with an individual but he transferred the monies from his LTD company account to me is that ok?… read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,396 satisfied customers
Hi, I have a question regarding goodwill and the entry of
Hi, I have a question regarding goodwill and the entry of figures in to the balance sheet of the CT600. We are amortising £250K over 10 years and this means that the Goodwill (intangible assets) are r… read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
7,396 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
Tax Consultant
High School or GED
7,089 satisfied customers
I have two completly seperate Ltd companies one is running
I have two completly seperate Ltd companies one is running fine, the other now 5 years old and was created to run a franchise which failed, I have around 20k in directors loans and the running loss is… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
899 satisfied customers
In December 2005 I invested £5,000 for 5% share in the company
In December 2005 I invested £5,000 for 5% share in the company I work for. On setting up the transfer of shares with the owner and the accountant, to keep the salary cost down (employers NI) the owner… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,709 satisfied customers
My co-director and I personally own 5 companies, one in the
My co-director and I personally own 5 companies, one in the UK and the other 4 similarly named companies in separate countries in the Middle East. The UK company is not registered in those countries a… read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
468 satisfied customers
Hi. My wife and I were directors of the family business which
Hi. My wife and I were directors of the family business which unfortunately failed due to the problems inn the middle east. we have each been given a tax bill of £7,500 for payments we received from t… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hello, please can somebody help with a question I have about
Hello, please can somebody help with a question I have about my Director's Loan account as I don't know how best to account for this: My father in law loaned my husband and I a personal loan of £10K a… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
On 1/12/08 we transferred our business into a limited company
On 1/12/08 we transferred our business into a limited company and there was £30K of goodwill transferred to the Limited Co which our accountant advised we could draw tax free (tax paid). Ufortunately … read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
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
Chartered Tax Adviser
733 satisfied customers
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