Capitalising on the upcoming Bull

[thegingerone]

Co director, planning to withdraw circa £200k from business to invest in Crypto (yes, I know), receiving mixed advice on tax liabilities on the withdrawal. The capital gains will be dealt with if/when it happens next november. In no way trying to evade but maybe someone can offer some nuggets on reducing my immediate contributions somehow? TIA all,

[dingg]

You'll be able to offset your losses against your other gains.

T'othersideofcoin :-)

[PoorCarCollector]

Whaaaat?!?

First piece of advice, don't be still drunk on a Monday morning

[Eric Mc]

Sounds like a load of old bull.

[Panamax]

Eric Mc said:

Sounds like a load of old bull.

Surely not, we all know there's CGT on a one-off dividend (?!); or is it a part sale? or is it a capital reduction?

The smart move would be to spend some of that £200k on paid advice.

[Mr Overheads]

thegingerone said:

Co director, planning to withdraw circa £200k from business to invest in Crypto (yes, I know), receiving mixed advice on tax liabilities on the withdrawal. The capital gains will be dealt with if/when it happens next november. In no way trying to evade but maybe someone can offer some nuggets on reducing my immediate contributions somehow? TIA all,

The company could own the coins? Put say 4 Bitcoins on the company balance sheet.

[Eric Mc]

Panamax said:

Eric Mc said:

Sounds like a load of old bull.

Surely not, we all know there's CGT on a one-off dividend (?!); or is it a part sale? or is it a capital reduction?

The smart move would be to spend some of that £200k on paid advice.

Moo.

[thegingerone]

Eric Mc said:

Sounds like a load of old bull.

To you evidently. Granted, a request not oft heard but I'll wager there are some who may, even a little, be interested in the responses.

take care :-)

[PoorCarCollector]

thegingerone said:

To you evidently. Granted, a request not oft heard but I'll wager there are some who may, even a little, be interested in the responses.

take care :-)

We don't even know the question!

[PlywoodPascal]

HEY
can I interest you in a 100% meat diet programme
I will tailor the menu personally to you but here's a preview:

Sun: MEAT
Mon: MEAT
Tues: meat
Weds: MEAT
Thurs: MEAT
Fri: MEAT
Sat: MEAT FEAST

if it guaranteed to boost your testosterone and lead to excellent decision making and superior investment and career returns.

[Caddyshack]

PlywoodPascal said:

HEY
can I interest you in a 100% meat diet programme
I will tailor the menu personally to you but here's a preview:

Sun: MEAT
Mon: MEAT
Tues: meat
Weds: MEAT
Thurs: MEAT
Fri: MEAT
Sat: MEAT FEAST

if it guaranteed to boost your testosterone and lead to excellent decision making and superior investment and career returns.

This post is bizarre.

[Skodillac]

Never mind bulls. Put it all on the 5th horse in the 6th race. I think its name is Chips Ahoy.

[NickZ24]

thegingerone said:

Co director, planning to withdraw circa £200k from business to invest in Crypto (yes, I know),

It's his money, should he need a 200K learning experience so be it.

Everyone is entitled to learning.

[Caddyshack]

NickZ24 said:

thegingerone said:

Co director, planning to withdraw circa £200k from business to invest in Crypto (yes, I know),

It's his money, should he need a 200K learning experience so be it.

Everyone is entitled to learning.

I think the he / his is the Gingerone as in the OP.

[SDarks]

This post should age like a fine wine

GL OP

[Stunters]

Skodillac said:

Never mind bulls. Put it all on the 5th horse in the 6th race. I think its name is Chips Ahoy.

Nice. Although normally the advice there would be to Hold Steady. That's certainly what the Boys and Girls in America would tell you

[PlywoodPascal]

Caddyshack said:

This post is bizarre.

Thanks, I was trying to pair it with the OP.

[greengreenwood7]

@ gingerone

wouldn't some / all of the monies withdrawn 'now' be classed as a directors loan? maybe i'm wrong, but if you can put some/all thru as a loan to you from the company, then that would fall into this years accounts and need to be repaid by Jan '26....after presumably you've cashed out of your positions.....

depending what you have now and what you're trying to achieve, one way to get expsoure to any crypto bull run would be to shield a proxy inside a tax wrapper, such as your sipp or isa...if they're not fully funded already, couldn't you loo to contribute from company into your sipp, or take monies out and top up your isa? Obvs the only proxies you could hold would either be 'miners' or mstr - so both being related to bitcoins performance - but typically mstr does a 1.5-2x what btc 'does' and miners a tad more with more risk.

that gets round your future CGT issues?

No idea what you want to invest in, whether something else. FWIW i ran my numbers recently and ditched most of my holdings in things like Sol to switch the monies into proxies in a trading account where i can access options/margin etc - and where it's easier to switch between those and 'trad' stocks when the swap ratio is right.

anyways back to the top. aside from directors loan i imagine you'll get clobbered form cgt on the dividend you'd effectively be taking 'now'. and for sure unless you're planning on holding something for ever - you'll get clobbered on an sale for CGT on the crypto gains. Only way to avoid that is if you're planning on having those monies tied up long long term and borrowing against them to release capital for whatever it is that you need future monies for. But i doubt at this stage of the run that 200k would get you in to that position......and could really only be done against BTC.

[Skodillac]

Stunters said:

Skodillac said:

Never mind bulls. Put it all on the 5th horse in the 6th race. I think its name is Chips Ahoy.

Nice. Although normally the advice there would be to Hold Steady. That's certainly what the Boys and Girls in America would tell you