Would you be able to help please?
My husband and I are equal shareholders in our current limited company, we would like to set up a new limited company to purchase BTL property, as we have a large cash excess in our current limited company can we loan money to the new limited company which we will be joint shareholders as well?
1. Is there a limit on the amount we can loan?
2. Is there a time limit on paying back the loan?
3. Do we have to charge interest at the HMRC rate, currently 3% I understand to the new company?
Just don't want to go against any tax or company laws
Thank you
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