Share Dealing Account for your Limited company  (existing or new limited company) Share Dealing Account for your Limited company (existing or new limited company)
Posts 1 to 10 of 10
  1. #1

    Still gathering requirements...


    Join Date
    Feb 2015
    Posts
    37

    Default Share Dealing Account for your Limited company (existing or new limited company)

    hi Guys,

    Do you guys invest savings (after paying Corp tax) into shares/investments via your Limited company or do you start a separate limited company to do these type of things?

    If you do which Share dealing account do you recommend for Limited companies? (Reviews say IG is better), but would be great to get experience from you folks.
    Please Note: I'm NOT looking for personal share trade dealing account, which already have a sticky thread in this forum.

    My analysis till now
    - IG => Pain to start the limited company account if it is a new Ltd. £8 per deal have mixed feeling. Really costly for dealing non-UK shares due to the exchange rates
    - Saxo => reviewd much high, but £60K limit for corporate accounts?
    - Freetrade.io => very childish as personal only. Nothing much for shares

    HL, AJBell => I couldn't see limited companies named accounts. May be I'm not looking it correctly

    (PS: Happy to get referred if you find limited company accounts you have experienced is good).

  2. #2

    Still gathering requirements...


    Join Date
    Nov 2018
    Location
    Warwickshire and Dublin
    Posts
    69

    Default

    Quote Originally Posted by sojan View Post
    hi Guys,

    Do you guys invest savings (after paying Corp tax) into shares/investments via your Limited company or do you start a separate limited company to do these type of things?

    If you do which Share dealing account do you recommend for Limited companies? (Reviews say IG is better), but would be great to get experience from you folks.
    Please Note: I'm NOT looking for personal share trade dealing account, which already have a sticky thread in this forum.

    My analysis till now
    - IG => Pain to start the limited company account if it is a new Ltd. £8 per deal have mixed feeling. Really costly for dealing non-UK shares due to the exchange rates
    - Saxo => reviewd much high, but £60K limit for corporate accounts?
    - Freetrade.io => very childish as personal only. Nothing much for shares

    HL, AJBell => I couldn't see limited companies named accounts. May be I'm not looking it correctly

    (PS: Happy to get referred if you find limited company accounts you have experienced is good).
    HL will do ltd company co, BUT they do have rules. It is worth talking to them. Mrs courtg9000 set mine up - she is an investment industry professional though. If you are a general holding/trading co with assets you should be fine. if you are "first name surname contracting co ltd" you may find it harder to get accepted. MyCo holds shares in other companies for example.

    ------

    Just spoken to Mrs Courtg9000 more about this. She reckons that many "standard contractors"* will have an issue with share trading accounts anywhere if all the income is just day rates. If the income is from additional sources as well such as property, IP royalties, kit sales as well as day rates then there should not be as much of an issue.

    *Mrs courtg9000 words not mine!
    Former IPSE member
    https://courtguinness.com/

  3. #3

    Default

    Bear in mind that it opens your company up to being classified as a CIHC which, among other things, renders you ineligible for ER on voluntary wind up.

  4. #4

    Thumbs down

    I understand conventional wisdom is that this is generally a bad idea. Not least because the individual has a CGT allowance, a company does not. An individual has tax breaks available like ISA and SIPP*** available. A company does not. Myself, I just file the idea in the "trying to be a bit too clever" bin.

    *** I do recommend Ltd Co contributions into an individual's SIPP.
    Public Service Posting by the BBC - Bloggs Bulls**t Corp.
    Officially CUK certified - Thick as f**k.

  5. #5

    Contractor Among Contractors


    Join Date
    Sep 2009
    Location
    Tunbridge Wells
    Posts
    1,734

    Default

    Quote Originally Posted by Fred Bloggs View Post
    I understand conventional wisdom is that this is generally a bad idea. Not least because the individual has a CGT allowance, a company does not. An individual has tax breaks available like ISA and SIPP*** available. A company does not. Myself, I just file the idea in the "trying to be a bit too clever" bin.

    *** I do recommend Ltd Co contributions into an individual's SIPP.
    This.

  6. #6

    Fingers like lightning

    TheGreenBastard's Avatar
    Join Date
    Dec 2015
    Posts
    600

    Default

    I use Degiro.

  7. #7

    Still gathering requirements...


    Join Date
    Nov 2018
    Location
    Warwickshire and Dublin
    Posts
    69

    Default

    Quote Originally Posted by Maslins View Post
    This.
    I suppose it depends on your objectives.
    I have used share trading via the company to develop companies in the past.
    Former IPSE member
    https://courtguinness.com/

  8. #8

    Still gathering requirements...


    Join Date
    Feb 2015
    Posts
    37

    Default

    Quote Originally Posted by jamesbrown View Post
    Bear in mind that it opens your company up to being classified as a CIHC which, among other things, renders you ineligible for ER on voluntary wind up.
    But even if they are two separate companies/entities, will MVL of the 1st company be a problem?

  9. #9

    Super poster

    Lance's Avatar
    Join Date
    Sep 2013
    Location
    home
    Posts
    4,969

    Default

    Quote Originally Posted by sojan View Post
    But even if they are two separate companies/entities, will MVL of the 1st company be a problem?
    if they are totally separate then MVL of the 1st comapny will be fine.
    But how will they be totally separate if you want to use the money in company 1?
    See You Next Tuesday

  10. #10

    Default

    Quote Originally Posted by sojan View Post
    But even if they are two separate companies/entities, will MVL of the 1st company be a problem?
    No, it they're separate entities, they are separate entities. If your goal is to create a CIHC, have at it. As the CT rates for small and large businesses are now aligned, the disincentives to create a CIHC are smaller than they once were, but you won't get any of the personal reliefs on investment gains/income, as noted earlier.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •