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initial 200K into company account

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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sys4tibco
Newly Registered
Posts: 27
Joined: Thu Dec 23, 2010 1:48 pm

initial 200K into company account

Post by sys4tibco » Fri Jul 31, 2015 2:08 pm

Hi,

Is initial 200K into company account treated as capital gain ?

a friend of mine insists 20% tax on initial 200K transfer into company account for T1E visa,
Is it true?

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umer.shahzad1
Member of Standing
Posts: 283
Joined: Fri Apr 25, 2014 11:15 pm
Pakistan

Re: initial 200K into company account

Post by umer.shahzad1 » Fri Jul 31, 2015 2:46 pm

there is no tax on money transfer as investment !

if the money came from other activities such as trading then it is liable for taxation after deductions

sys4tibco
Newly Registered
Posts: 27
Joined: Thu Dec 23, 2010 1:48 pm

Re: initial 200K into company account

Post by sys4tibco » Fri Jul 31, 2015 2:48 pm

umer.shahzad1 wrote:there is no tax on money transfer as investment !
thanks. that what I heard from accountant company too. :D

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