LRD company and investing in stocks

[wellard]

Hello
As a company director can you invest in stocks and shares on behalf of the business (as an asset) If yes what are the tax implications as the funds will come out of retained profit

 

[robindunne]

Yes you can. Given the low interest rates at the moment, could be a good idea to use the cash somewhere else. There will be tax to pay on the gain made by the investments.

 

[wellard]

robindunne - thank you for your reply, do you have to open a LTD company trading account (if there is such a thing) or do you open it up as an individual i.e me as the director?

 

[robindunne]

Always try to keep your affairs and the affairs of the business seperate - so yes, open any account in the name of the company.