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Hi Keith -
Thank you for the great answer - it most certainly has helped get my head around the best way to accomplish this.
One final point - if i was to setup a new company in order to purchase the asset - is there a tax effective way to move money from my current ltd company to the new company without drawing it as a dividend first?
E.G via a loan from my current company to the new company or the old company buys shares in the new one?
There is a solution which is perfectly legal and will not attract the attention of the authorities, an inter company loan. Make sure that the it is annotated in writing signed by a director of each party or the company secretary. This can state the loan amount, the repayment schedule and the interest to be paid, if any. I would recommend this.
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