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Yes i am self employed. Yes all the investment for my new business is going through my existing limited company. The business i am starting is for me to do and not to buy into.
The Oil & Gas industry is on it's knees at the moment due to the Oil Price so i am doing this for myself to move away from Oil & Gas. Hope this helps
I am aware of capital expendature. I think you might have miss understood me. I am a limmited company now and plan to stay that way. My new business will be the same limited company. I guess you could call it a transition from one service to another. The reason i want to stay limited company is because i have everything already set up, have a good relationship with the bank and wish to continue with the way i have been over the past two years. My question was, can i offset the cost of the building and the answer is no. I refuse to take loans because that leads to a spiral of debt. While i have you, if i can prove that i am buying items for my new business from my personal money from, Let's say ebay, can i reimburse myself from the business bank account and claim this as plant & Machinary? I am aware of the 500k yearly capital investment. Thanks