S/e into Ltd...

Mark · 2009-01-29T09:00:11+00:00

Hi, a Ltd Co has been bringing forward losses for the past few years.... mostly from general overheads, biggest being directors salries (actual business being done in Ltd Co very small, almost nil, with likewise almost-nil direct expenses...) Separate self-employed business, reasonable prfits.... is it possible to transfer the s/e business into trhe Ltd Co in order to then offset future profits on that business against the losses b/f in Ltd Co? The Ltd Co owes the directors Directors Loans, so can any money going into the Co thenn be paid out to directoirs tax-free, to pay back those loans? Thanks............

Jan 29, 2009 21 Replies

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PeterSaxton 17 years ago

...

m...

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PeterSaxton 17 years ago

Sometimes it's worth considering whether ventures like this are a complete waste of time, effort and money and close the company.

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