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Transfer of funds - sole trader to ltd company

  • 20-06-2018 11:04pm
    #1
    charleville
    Registered Users, Registered Users 2 Posts: 146 ✭✭


    Hi

    I am on the verge of setting up ltd company from sole trader... my question is, any money I’ve earned this year so far as a sole trader, is it possible to transfer some or all of it to the ltd company to avoid paying the higher rate of tax ?

    Or is it just from when the company has been set up going forward ?
    also I have a jeep and a van that are both (almost) paid for (approx value €45k), what do I do with these, transfer them over and can I just continue to write them off as I have been ?


    Tks


Comments

  • #2
    Trojan
    Registered Users, Registered Users 2 Posts: 16,414 ✭✭✭✭Trojan


    These are all questions I'd ask my accountant. I suggest you vet some accountants with good reputations in your area and arrange to meet a couple of them (initial meetings are usually free). Chat to them and pick one to work with.

    🎙️ The Recognized Authority Podcast



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