5 Legal Ways to Extract Money from Your UK Limited Company

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5 Legal Ways to Extract Money from Your UK Limited Company

Рет қаралды 18,101

UK Property Tax Accountants

Күн бұрын

Пікірлер: 22

@Simon-Misiewicz-US-UK-Taxes Жыл бұрын

UK Corporation Tax Calculator www.optimiseaccountants.co.uk/what-is-a-uk-property-investment-company/uk-limited-company-corporation-tax-calculator/ Get free property investing education here simonmisiewicz.krtra.com/t/kCpRamw4ujdT Property tax basics guide www.optimiseaccountants.co.uk/types-of-uk-property-tax/

@highgatehandyman6479 8 ай бұрын

Hey. really good video. so valuable

@Simon-Misiewicz-US-UK-Taxes 8 ай бұрын

Thank you that is very much appreciated

@akhtaremco Жыл бұрын

Btw great content, keep doing the good work

@Simon-Misiewicz-US-UK-Taxes Жыл бұрын

Thank you 🙏 that is very much appreciated

@ianosiciliano1465 Жыл бұрын

Correct if I am wrong Simon. If I own a limited company and I pay myself a salary of £12,570, then, I would pay 13.25% interest on £3,470 which it would be an expense of £459.775 for the company right? Then, the company will be able to claim back that interest at the end of the year right? Actually, the company, should be able to claim back 19% on £3,470. This should be beneficiary for the company and for the employee who is actually paying some contributions towards the state pension which is good to keep it alive

@Simon-Misiewicz-US-UK-Taxes Жыл бұрын

I am not sure what the 13.25% relates to. Could you advise?

@jamesnoz Жыл бұрын

Adult parents lolz.. Love your content. Appreciate your time and effort.

@Simon-Misiewicz-US-UK-Taxes Жыл бұрын

You are very welcome. I am pleased they are entertaining 🤪

@ianabroad Жыл бұрын

excellent info

@Simon-Misiewicz-US-UK-Taxes Жыл бұрын

Thank you, very kind of you 🙏

@johnfarnell749 7 ай бұрын

Great video as allways. Hove you a loan agrement i can down load ?

@Simon-Misiewicz-US-UK-Taxes 7 ай бұрын

Sadly I do not have one but do a Google search for loan template and there will be plenty

@akhtaremco Жыл бұрын

Can you pay pension standalone(no salary) out of ltd company spv for buy to let?

@Simon-Misiewicz-US-UK-Taxes Жыл бұрын

Technically this is possible. However, pensions are normally payable to paid employees or directors. It is possible for Hmrc to raise an enquiry as to the commerciality of making the pension contribution

@andrewfallon2719 6 ай бұрын

The vouchers.. you said £50 every 2 months. Does this mean it’s £300 for company owner every 2 months ?

@Simon-Misiewicz-US-UK-Taxes 6 ай бұрын

Hi Andrew £50 every two months resulting in £300 per year 👍

@chrisder1814 Ай бұрын

hello I wrote a ltd to sell on Amazon UK I am French and I live in France I don't understand why I receive letters from the English government every two months and the last letter I received was to ask me for money but I don't understand why since I never turnover fact and what I don't understand either is that I thought that Ltd are free? is it possible to change my credit card number and my registered postal address

@Simon-Misiewicz-US-UK-Taxes Ай бұрын

I think the best thing for you to do is to contact them and understand what the letter is all about

@chrisder1814 Ай бұрын

@@Simon-Misiewicz-US-UK-Taxes of course I did twice for 10 days ago but they don't answer

@Shreddahtrades Жыл бұрын

50k to 250k is not 26.5 , its done on a marginal rate so 250k profit is about 21.94% corp www.tax.service.gov.uk/marginal-relief-calculator/check-your-answers

@Simon-Misiewicz-US-UK-Taxes Жыл бұрын

Not quite The effective tax rate is applied to the entire profits. £100,000 has the marginal profits with 22.75% being £22,750 However if you take away £50,000 which is taxed at 19% being £9,500 The tax on the excess of £50,000 is therefore £13,250 (£22,750 less £9,500). This is 26.5% (£13,350 / £50,000). Does that help you navigate the craziness of corporation tax