No, that should be ok.tier1entrepreneur-A wrote: ↑Tue Feb 13, 2018 1:18 amThanks zimba88 for your reply, it's much appreciated,
I'm in the 200K route, and I intend to do my first investment on my company of £50K as a direcor's loan,
I thought that I could then re-transfer the £3K from my business bank account to my personal bank account, and I will upload all the receipts which will cover the £3k and all the details,
I see that you advice that this will not be possible the the £3k will not count for investment, and if I did like what I have mentioned above it will be counted as £47K instead of £50K,
Could you please confirm that my understanding above is correct?
Also could you please explain to me why? as I thought that as it all related to the business and within short period of opening the bank account/establish the company that could be acceptable,
Thanks in advance.
As long as you have initially transferred 50K and then the business pays back 3K to you as expense reimbursement, it should be fine.