Different trades

Different trades

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Is there any disadvantage to carrying on 2 trades in 1 limited company?
Charles

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By AnonymousUser
03rd Nov 2006 10:57

Also ...
can be a real pain to allocate joint costs between different activities to arrive at CT computations for each trade.

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By NeilW
03rd Nov 2006 10:27

Not really
Only that one going bust affects the assets of the other. If it is risky you often separate the trades into two companies - but only after careful consideration of the tax effects of doing so (ie the halving of the small companies band).

NeilW

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