Online Share dealing for a LTD Company

rogerco

I'm interested in investing some funds from my company into shares. I'd like to be able to buy UK shares and US shares.

Can anyone suggest possible companies that would offer online share dealing for my ltd company? I've found a few but often they charge maintenance charges on top of dealing charges. Cost per trade is not that important, so fixed cost trades would be best.

Any suggestions?

Ark_Welder

As an aside, and just in case you're not already aware, a Ltd Co doesn't have a CGT allowance and the whole of any gain could suffer a charge to corporation tax.

http://www.hmrc.gov.uk/ct/managing/company-tax-return/returns/chargeable-gain.htm

rogerco

Ark_Welder wrote: »

As an aside, and just in case you're not already aware, a Ltd Co doesn't have a CGT allowance and the whole of any gain could suffer a charge to corporation tax.

Thanks - I'm already aware. I've got money on deposit at the moment that isn't earning anything so figured it'd be better off in shares.

grey_gym_sock

this is very debatable in terms of the tax consequences. you may face double taxation - corporation tax on capital gains, and then income tax or CGT when you try to extract money from the company. i'd consult an accountant before doing this.

other options include - assuming you work for your company - making employer pension contributions with spare cash.

rogerco

Thanks for the concern about the tax, but I'm interested in finding a company to deal stocks. I've got a good accountant who I've already spoken to about the tax consequences, should I actually make any profit.

So can anyone suggest brokers that will offer execution only services for a LTD company?

Shaolin_Monkey

Interactive Brokers offer small business accounts - http://www.interactivebrokers.co.uk/en/index.php?f=2324 and are aimed at more experienced investors. Also Barclays Stockbrokers - https://www.barclaysstockbrokers.co.uk/Corporate/Pages/Company-Dealing-Account.aspx

Shaolin_Monkey

Also TD Direct offer company accounts, buried in their 'other accounts' page - http://www.tddirectinvesting.co.uk/choose-an-account/other-accounts/

rogerco

Any other suggestions for ltd companies? They seem to be more expensive than personal accounts which is annoying, it's not as if they're likely to be any more hassle.