S
Strath
- Original Poster
- #1
Hi
I have 2 ltd companies. 1 is a retail business which turns over around 300k per annum is doing very well. The other is a web based business that has hardly traded. Ideally i would like to move the later away from the Ltd structure and either set up as sole trader or bring it into the first ltd company.
The later has about £2k loss for the first year due to very little income but expense going out. Can i purchase the "assets" of the later ltd company with the first at a price that would offset this loss, i.e make use of if (tax wise i mean)
With the later ltd company it is the first years trading and no accounts have been made up yet, what is the best way to proceed should i have the accounts drawn up then disolve the ltd company?
I have 2 ltd companies. 1 is a retail business which turns over around 300k per annum is doing very well. The other is a web based business that has hardly traded. Ideally i would like to move the later away from the Ltd structure and either set up as sole trader or bring it into the first ltd company.
The later has about £2k loss for the first year due to very little income but expense going out. Can i purchase the "assets" of the later ltd company with the first at a price that would offset this loss, i.e make use of if (tax wise i mean)
With the later ltd company it is the first years trading and no accounts have been made up yet, what is the best way to proceed should i have the accounts drawn up then disolve the ltd company?
