I started a business a few years ago which didn't work out. It is dormant now (for the past 3 years) and has 15k of losses and a 15k director's loan sitting there (there are no assets left).
I now want to use that company to start a new business which is unrelated to the old one.
Few questions questions:
1. Given the new business is diffirent to old one, can I still use the c/f losses?
2. If I restart the business and put more money in via director's loan, will I be able to take all teh loans (new and old) out without payign any tax?
3. Could this reopening dormant company cause issues in either openign abank accoutn and/or obtainign a business loan at some point in the future?
4. Could it impact ability to raise outside funding via EIS/SEIS since the company will not be @new [email protected]?