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Posted Thu, 09 May 2024 04:49:09 GMT by Prashant
Hi, I have a Limited Company in UK but I am short of funds to do trading of goods such as food grains, building materials etc. Both my suppliers and buyers are outside UK so I will not be importing anything into UK. My childhood friend has a company in Dubai and he is willing to invest around £150,000 into my company. 1) Will there be any tax on receiving such funds from him? 2) With that money if I buy goods from suppliers do I have to pay any taxes in UK? 3) When I sell the goods to a buyer outside UK how much tax will I be paying?
Posted Wed, 22 May 2024 09:19:47 GMT by HMRC Admin 25 Response
Hi Prashant
 You will to need to contact our Corporation Tax helpline, as it is out of our remit to offer guidance on tax on investments.
Corporation Tax: general enquiries
Thank you. 

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