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Where Taxpayers and Advisers Meet

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by tpacker
Wed Jan 23, 2019 7:39 pm
Forum: Business Tax
Topic: S455 Loan to protect Entrepreneurs relief?
Replies: 3
Views: 427

Re: S455 Loan to protect Entrepreneurs relief?

No obvious problems I can see other than - will the large sum of cash in the business (including any further cash it generates over the 3 years) put ER at risk or is it small in the context of the business. Hi, thank you very much for this. Is there any advice on the impact on cash on ER? Presumabl...
by tpacker
Mon Jan 21, 2019 6:20 pm
Forum: Business Tax
Topic: S455 Loan to protect Entrepreneurs relief?
Replies: 3
Views: 427

S455 Loan to protect Entrepreneurs relief?

Director expects to be able to extract money from a company in the future by Entrepreneurs relief, either by selling shares in the company or alternatively by liquidating the business for its cash balance. The issue is the director has cash needs in the short term and the company is not ready to be ...

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