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Diff between Investment & Expendiature

Only for UK Tier 1 (Entrepreneur) points system

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Atif786
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Posts: 268
Joined: Thu Aug 15, 2013 2:48 pm
Location: United Kingdom
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Diff between Investment & Expendiature

Post by Atif786 » Thu Sep 14, 2017 1:02 pm

Hi Gurus, Zimba and Macnath plz help me with this .
I have a confusion about Investment and expenses ( Admin expenses )
I have invested 50k in 2015 through D/l.
My company has been in profit since its incorporation .
Tax paid 2013-14 - £105 ( admin expenses £8000 approx.
2014-15 - £893 (expenses 15k)
2015-16 - £2840 (expenses 43k)
2016-17 - £6500 ( expenses 59 K)
I have clearly mentioned in covering letter that 50k invested funds are still avaliable in business account as company has been in profit since its incorporation and it can be seen in the latest accounts (2016/17) submitted
Along with the application , my accountant has also stated the same in the certificate of confirmation .

All the admin expenses are done from the profit of the company so nothing has been spent from 50K D/L.

Is that fine or was there any mandatory requirement to spent the invested funds ?
Your suggestions are highly appreciated .
Thanks in advance
Regards
Atif

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marcnath
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Posts: 6084
Joined: Tue Jul 03, 2012 2:27 pm
Location: Milton Keynes

Re: Diff between Investment & Expendiature

Post by marcnath » Thu Sep 14, 2017 1:28 pm

Atif786 wrote:
Thu Sep 14, 2017 1:02 pm
I have clearly mentioned in covering letter that 50k invested funds are still avaliable in business account as company has been in profit since its incorporation and it can be seen in the latest accounts (2016/17) submitted
All the admin expenses are done from the profit of the company so nothing has been spent from 50K D/L.
Assuming you have all the money and transactions in one business account, how are you even deciding which money was used for what ? It is not like the money transferred for your investment has been somehow marked so that those have been untouched.

In short, this is a non-issue. Don't worry about it.
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.

Atif786
Member of Standing
Posts: 268
Joined: Thu Aug 15, 2013 2:48 pm
Location: United Kingdom
Contact:

Re: Diff between Investment & Expendiature

Post by Atif786 » Thu Sep 14, 2017 1:57 pm

Assuming you have all the money and transactions in one business account, how are you even deciding which money was used for what ? It is not like the money transferred for your investment has been somehow marked so that those have been untouched.

In short, this is a non-issue. Don't worry about it.
[/quote]

Thanks a lot Mate, I appreciate your quick response .
Atif

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