UK LTD Company and Working Abroad

UK LTD Company and Working Abroad

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I operate through a Ltd company, I have built up money in my company and pay myself a small salary and dividends up to higher threshold. Normal practices.

I plan to move abroad after the new tax year to the middle east and will be there for a number of years. What can I do with the money in my company other than closing it?

Can I continue to pay myself into my british bank account up to the limit until all the money is out the company?

What is the most tax efficient way to take money out? Also from a tax point of view when is it the best time to return to the UK? I'm assuming either april at the start of a tax year or november and onwards (6 months plus).

Thanks

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By Tim Vane
23rd Mar 2015 19:35

Now then, I think what we have here is a number of questions that are tied together and all are well within the remit of a professional accountant, who will be able to advise you accordingly. I would highly recommend speaking to one.

There are plenty of forums out there where contractors such as yourself can ask for free professional advice, including the excellent http://www.ukbusinessforums.co.uk. This particular forum is not really meant for such advice.

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