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T1 extension investment query

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

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Gmirza
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Posts: 2
Joined: Thu Jun 04, 2020 11:36 pm

T1 extension investment query

Post by Gmirza » Thu Jun 04, 2020 11:46 pm

Hi,

I am going to apply for T1 extension 200k soon. I have query about investment.

I had bought a Van for business. Initially it was on lease and it was approved on my personal account. I have paid monthly payments for 9 months from my personal account. In the 10 month i bought the Van and paid it in full from my business account. The 9 months payments i later transferred from the business account to personal account.

Should i evidence this with application to justify this transaction from business account to personal account ?

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marcnath
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Joined: Tue Jul 03, 2012 2:27 pm
Location: Milton Keynes

Re: T1 extension investment query

Post by marcnath » Fri Jun 05, 2020 12:07 pm

Gmirza wrote:
Thu Jun 04, 2020 11:46 pm
Hi,

I am going to apply for T1 extension 200k soon. I have query about investment.

I had bought a Van for business. Initially it was on lease and it was approved on my personal account. I have paid monthly payments for 9 months from my personal account. In the 10 month i bought the Van and paid it in full from my business account. The 9 months payments i later transferred from the business account to personal account.

Should i evidence this with application to justify this transaction from business account to personal account ?
No. The immigration rules do not restrict that.
My comments are in no way meant to be advisory. I have no professional knowledge of immigration. These are based on my own experience, convictions and personal interpretation of publicly available information.

Gmirza
Newly Registered
Posts: 2
Joined: Thu Jun 04, 2020 11:36 pm

Re: T1 extension investment query

Post by Gmirza » Fri Jun 05, 2020 10:00 pm

Thanks

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