Recent content by skc247

  1. S

    Buying a limited company

    Thanks everyone for the replies. If I was borrowing the money from a bank, that would also go to the outgoing shareholders, so how would that be treated on the books? Would I not be able to use the £200k in that instance to reduce my exposure to the bank without any tax implications? Thanks...
  2. S

    Buying a limited company

    Hi there, I'm about to buy a limited company but am getting conflicting advice on what I can/can't do with regard to financing the purchase. Agreed price of company is £900,000, but we get company bank account which has £200,000 in it (more tax advantageous for sellers to sell company this...
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