Using a Holding Company Structure To Pay Less Tax & Protect Your Assets | Group Structures

BUSINESS OWNERS, ARE YOU LOOKING TO PAY LESS IN TAX? HUGE DISCOUNTED LIMITED TIME... FOR A LIFETIME OF TAX SAVINGS! www.app.taxsmartwealth.co.uk/...
If you own your business interests personally and not via a holding company structure you might be missing out on valuable tax advantages. Moving your companies into a group/holding company structure can give you the opportunity to move cash around between companies, move assets, utilise losses, save SDLT & CGT, along with several other benefits.
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Our videos are for general guidance, education and empowerment in helping you understand accounting, tax and your numbers. They in no way constitute specific advice to your specific circumstances. Me & my team would be delighted to help you with your specific queries or accounting requirements through a formal engagement.

[@lakdahulara]

Very useful and explained so clearly! Excellent content! Thank you👍👍👍👍

[@slavmarin7827]

thank you Joshua!

[@adriangrantham9330]

How does this work in terms of director pension contributions?

[@bd6253]

Hi mate, thanks very much for all the info - super useful, loving all your videos! Had a quick question. Let's say I have a trading company with some profits in it but that trading company isn't operating anymore and is dormant. Can I create a holding company and transfer those funds over to invest in property and then immediately close the dormant trading company?

[@danielkimbo901]

Could I use this for example one company makes the product then I sell to another company that sells online? One company being VAT registered and one not ?

[@shaunjmurro]

I have a house building company. If I was to buy a digger while setting up a plant hire company under the holding company, could the plant hire company invoice my building company, also under the holding company for the time the building company has used the digger? Thanks

[@khalilmk01]

Sure. Companies are independent entities and transactions between them, never mind who owns them, is perfectly fine.

[@jasonkay-sourcedproperty]

I understand intercompany dividends are tax free but won't you have paid corporation tax in the company paying the dividend already?

[@khalistantk]

Could you explain how we can move an existing company to a brand new holding company? I have set up a LTD which hasn't traded yet but it makes sense for me to move this under a holding company as I was initially planning to loan between the companies.

[@reamer82]

same boat. let me know if you find an answer please

[@BlazedAFGaming]

a holdings company is typically just another ltd company Select your business structure. It is important to note that “holding company” is not a legal structure in the UK but a term used to describe a company that holds shares of other companies. The most common way to set up a holding company in the UK is to incorporate it as a private limited company. Choose a unique company name and register it with Companies House. This can be done online or by mail. Until 2015, using the word “holding” or “holdings” in a company name was considered sensitive by Companies House, but it is now acceptable. Appoint directors for the holding company. These individuals will be responsible for managing the company and making strategic decisions. Obtain any necessary licenses or permits. This may include licenses for specific industries or certifications required by law. Draft and file memorandum and articles of association with Companies House. These articles will outline the purpose and structure of the holding company. Register for taxes, including VAT and corporation tax. You will need to obtain a Unique Taxpayer Reference (UTR) and register for VAT if the holding company’s annual turnover exceeds £85,000. Open a bank account for the holding company. This will enable the holding company to receive and manage its financial transactions.

[@cbara568]

What SIC code can be used for the holding company?

[@holdingfarkas]

6420 holding activities

[@MFG2738]

Can your investment company be used for any investments, for example one investment company for property, watches, crypto, stocks, etc or do you need one investment company for each type of investment ?