A
Alan
I traded last year (briefly) as a sole trader. One of my customers
never paid me. I incorporated at the end of 2003 and continued chasing
the debt - and finally have been paid.
What I want to know is can I simply transfer this debt from myself to
the limited company and then consider the payment it as part of the
company income? Should the company have paid a nominal amount to
purchase this debt? Is there any additional tax considerations?
thank you for any thoughts,
Alan
never paid me. I incorporated at the end of 2003 and continued chasing
the debt - and finally have been paid.
What I want to know is can I simply transfer this debt from myself to
the limited company and then consider the payment it as part of the
company income? Should the company have paid a nominal amount to
purchase this debt? Is there any additional tax considerations?
thank you for any thoughts,
Alan