As above, and taking into account the 10% assets rule, it is possible for a company director to borrow a sum of money short-term (say 6 months) from his limited company WITHOUT incurring a taxable event on either the personal or company side? Like the equivalent of a bed and breakfast - in and out same year or somesuch? Seeing a lot of info re longer term loans but nothing much re a quick in and out.
Background: Want to buy house while also selling and considering using excess company cash as a form of 'bridging' loan if needs be.
Background: Want to buy house while also selling and considering using excess company cash as a form of 'bridging' loan if needs be.