Investment £50K-Business bank statement or personal or both?

[shanky]

Hello guys

My friend is applying for Tier 1 Extension £50K

He transferred £60,000 from his personal account to his business account in 25 different transactions in last 3 years.

Questions:-
1- Wondering do we only have to send the Business bank statement only or personal or both?

2- Do we have to send full 3 years of Business bank statement or only send pages which show the incoming transaction in business?

Thanks

Regards

S

[hina_pirzada]

Hi, My self I am only sending those pages of business bank statement where the funds are showing under my name. There is no need to send personal bank statement. They only want to see that in your business account the loan amount transferred by you.

[sheraz78]

personal bank statement should cover the period of 90 days to cover the maintenance(mandatory)
however, business bank statement should be sent covering the whole period during which the transfer from personal to business account was made.
money must be traceable to personal account of applicant