R
rayk150
Guest
I have a company that has no assets at all except a 2006 Van, no loans (last loan/lease cleared 2 months ago for van), the company owes me personally a €70,000 loan I gave to start it still, I have not taken a salary from the company in 2 years either, i own 75% of shares and my dad the other 25% of the shares, I have recently made one transaction with the company, the company has €400K in the bank, my question is how do I get the money back out of the company as legal and tax efficient as possible, I understand the repayment of €70,000 loan is tax free and how is the rest taxed, is it a dividend or is income tax paid on the money left?, what will be left of the 400K
I will close the company I think as I do not use it, is it better this way to get the money out or should I just kept the company (I have other companies) or is some other way better to get the cash out as tax efficent as possible?
I will close the company I think as I do not use it, is it better this way to get the money out or should I just kept the company (I have other companies) or is some other way better to get the cash out as tax efficent as possible?