Share dealing account for ltd

[zafoeta]

hi,

Can someone recommended a bank that offers a sharedealing account for my ltd company?
I haven't done a lot of research on this but the banks I asked offer share dealing accounts only for private persons.

Thanks
W

[stek]

hi,

Can someone recommended a bank that offers a sharedealing account for my ltd company?
I haven't done a lot of research on this but the banks I asked offer share dealing accounts only for private persons.

Thanks
W

Then you're Ltd becomes an investment company and there are tax implications, plus dealing is for morons.

[jamesbrown]

There are very few that do and, yes, you probably don't want YourCo to be identified as a Close Investment Holding Company (CIHC), as it has various implications, including for capital distributions in the event of liquidation. Beyond that, it's generally much more efficient to invest personally due to the low CGT rates and high annual allowance. There may be exceptions if you're dealing in particular classes of share for which gov't exemptions/incentives apply, but private investments generally make more sense. If you want to do this through a Ltd structure, you'd be best opening a CIHC.

Also, try the search function, as this has been covered many times before.

[northernladuk]

Time to do a bit more research hey.

You could try the search function as described in the FAQ to see what threads have been posted on this before. I'm sure it's been discussed plenty of times.

[pr1]

AJ Bell https://www.youinvest.co.uk/ - but check the implications with your accountant first

[GB9]

TD Waterhouse.

This will enable you to invest post tax profits, assuming your business is a supplier of sorts and not an investment company.

Do not lose the tax due on your normal activity as you are required to pay it regardless.

[northernladuk]

Some of these threads are a little old but something in them might help?

https://www.google.co.uk/search?q=sa...ntractoruk.com