So if you have 2 companies 1 doing property and another let’s say providing medical services; once you reach 50k profit across both companies then you go to the higher rate.
I tried opening a Starlet bank account but fell down at the point that it was a new business. They wanted biz plans..... which was too much hassle so I never completed transfer. Their loss as my business is progressing...
You know your personal circumstances best. All I would say is that the tax charge will potentially higher if you withdraw funds from the limited company. I don’t think you will get entrepreneurs relief.
Hi sorry to hear about you having to dispose of your company. Not sure if you could do this but you might be able to split the company in two. Do you have a pension? Garages are considered commercial property...
8th January 2023, 3 years ago
So if you have 2 companies 1 doing property and another let’s say providing medical services; once you reach 50k profit across both companies then you go to the higher rate.
Read More →13th June 2021, 5 years ago
Yes I have also received one of these letters. I hold no data. I’m already registered through my medical ltd company.
Read More →10th April 2021, 5 years ago
I tried opening a Starlet bank account but fell down at the point that it was a new business. They wanted biz plans..... which was too much hassle so I never completed transfer. Their loss as my business is progressing...
Read More →Reply to comment left by Marek Hardow at 20/03/2021 - 22:36
You know your personal circumstances best. All I would say is that the tax charge will potentially higher if you withdraw funds from the limited company. I don’t think you will get entrepreneurs relief.
Read More →20th March 2021, 5 years ago
Hi sorry to hear about you having to dispose of your company. Not sure if you could do this but you might be able to split the company in two. Do you have a pension? Garages are considered commercial property...
Read More →