Issuing Shares

JJH1969
JJH1969 Registered Posts: 110 Epic contributor 🐘
edited 12:13PM in AAT member discussion
I have a client who wishes to set up a new limited company and input personal cash of say £100k. If he issued share capital for this would there be stamp duty land tax to pay or not as it is the first issue?

Comments

  • Monsoon
    Monsoon Registered Posts: 4,020 Beyond epic contributor 🧙‍♂️
    I don't believe so, but is crediting it to share capital preferable to the directors loan?
  • groundy
    groundy Registered Posts: 495 Dedicated contributor 🦉
    Monsoon wrote: »
    I don't believe so, but is crediting it to share capital preferable to the directors loan?

    I would say NO
  • JJH1969
    JJH1969 Registered Posts: 110 Epic contributor 🐘
    What if he loaned the new company B the money from an existing ltd company A - would there be any implications other than tax on LR interest?

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