Can I use a directors loan to subscribe for new shares in a private trading company? Yes, and provided the company continues to trade for two years after the share issue any future loss is likely to be set against income. This may be preferred if capital gains are not in prospect.
http://www.hmrc.gov.uk/helpsheets/hs286.pdf
Transfer of a business to a limited company
http://www.hmrc.gov.uk/manuals/cgmanual/cg65760.htm
Ian Brealey
Brealey Foster Chartered Accountants Hinckley. Here we blog money matters we find interesting. Find us at Edwards centre, The Horsefair, Hinckley, Leicestershire T: 01455 612000 e:brealeyfoster@gmail.com
No comments:
Post a Comment