Hi Harvey 👋 I really appreciate this info as I’m at this stage in my journey about deciding to go ltd but what happens if you want to take out the £282 from the ltd company and pay it to yourself rather than keep it in the ltd company? Are you then worse off?
When your take the money out mate you have to pay income tax on it… So depends on your tax band. But if you was a lower tax band it might not be efficient to go down the ltd path depending on how big you’d like to grow it. I’m not a tax advisor so please seek professional advice. But what I do is try to use as much ltd money as possible that can be expended on things like Car Phones WiFi Etc
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Hi Harvey 👋 I really appreciate this info as I’m at this stage in my journey about deciding to go ltd but what happens if you want to take out the £282 from the ltd company and pay it to yourself rather than keep it in the ltd company? Are you then worse off?
When your take the money out mate you have to pay income tax on it…
So depends on your tax band.
But if you was a lower tax band it might not be efficient to go down the ltd path depending on how big you’d like to grow it.
I’m not a tax advisor so please seek professional advice.
But what I do is try to use as much ltd money as possible that can be expended on things like
Car
Phones
WiFi
Etc
@@harveygrowthproperties ah! Ok got it 🤩 👍
👍
You video is vary big problems. But your video vary nice
Not sure what you mean mate?