soletrader1
Registered User
- Messages
- 2
Is it worth my time setting up a limited company to trade out of. I was told if I do set up a company I can sell my equipment to the company as a directors loan about €60,000 worth of equipment. Does this mean the company can pay me the €60,000 euro for the equipment.... so the first 60,000 euro the company earns I can take tax free?
By selling the equipment to the company do i need to pay any taxes. A fair percentage of it has either already been written off and some of it was purchased by me before I was a sole trader so do I need to pay any tax on the 60,000 I get from the company..... or do I have to take it as company shares
By selling the equipment to the company do i need to pay any taxes. A fair percentage of it has either already been written off and some of it was purchased by me before I was a sole trader so do I need to pay any tax on the 60,000 I get from the company..... or do I have to take it as company shares