Selling something to my own company

[D2D1]

I have some items that I want my limited company to buy from me.

Is it ok to do this? And can I charge whatever I want for the items?

Thanks for your help.

 

[14A]

Don't think you can charge whatever, but a reasonable price is ok to do.

 

[Rainbow Chasers']

I agree - a market price, and keep proof in your records of similar assets being sold for that amount.

There are people that sell things to their own companies for inflated values and it is very scorned upon and can even get a suspicious bank manager or tax man twitching and qustioning your ethics. Not good in business!

 

[D2D1]

Thanks - just what I wanted to know.