Limited company director's loan
|
  |
|
|
| Author |
Message |
torey
Apprentice
Joined: 03 Mar 2004
Posts: 6
|
 Posted: 02/25/08 - 11:19 Post subject: |
 |
|
| Hello, I have a limited company with my university colleagues and we’re about to receive a certain amount of money as a present. What I’d like to know whether it is better to file it as capital enlargement or director’s loan. I’d like to pay as less tax on that as possible and for director’s loan it might be cheaper. |
|
|
Back to top
|
|
|
|
 |
mariquilla
Apprentice
Joined: 27 May 2005
Posts: 4
|
| Posted: 03/25/08 - 21:56 Post subject: |
|
|
Hello, I’m Sonya, and I work for a limited company. Even though I don’t have any connection with the administration I’m familiar a bit with this issue. I can’t tell you I’m 100% sure but I might help you a bit. I also think that you could save some money on taxes by keeping this money in your records as director’s loan. Furthermore, if you calculate higher interest for this loan it would be even better. But you must be very careful, because if it is discovered to be a scam your company will be punished severely. And for the limited company all the documents are thoroughly checked so it could be easily noticed the true nature of these monies isn’t hidden properly.
|
|
|
Back to top
|
|
|
|
|
|
| |
All times are GMT
|
|
|
