We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Advise needed.. limited Company/Sole trader
Options

JEvans_2
Posts: 12 Forumite


Hi
My husband and the man he works with have always been Sole Traders. Sub contracting through CIS Scheme.
Other man is now setting up as a limited company and my hubby is going to continue to subcontract through new limited company
They have asked him to go share the cost of buying a van. My question is where does he stand? I presume they won't be able to claim costs back through the new company? Will they need to buy the van in both there names? Any advise would be great
Thanks
J
My husband and the man he works with have always been Sole Traders. Sub contracting through CIS Scheme.
Other man is now setting up as a limited company and my hubby is going to continue to subcontract through new limited company
They have asked him to go share the cost of buying a van. My question is where does he stand? I presume they won't be able to claim costs back through the new company? Will they need to buy the van in both there names? Any advise would be great
Thanks
J
0
Comments
-
JEvans_2 said:Hi
My husband and the man he works with have always been Sole Traders. Sub contracting through CIS Scheme.
Other man is now setting up as a limited company and my hubby is going to continue to subcontract through new limited company
https://www.gov.uk/guidance/check-employment-status-for-taxJEvans_2 said:They have asked him to go share the cost of buying a van. My question is where does he stand? I presume they won't be able to claim costs back through the new company?JEvans_2 said:Will they need to buy the van in both there names?JEvans_2 said:Any advise would be great
0 -
MattMattMattUK said:JEvans_2 said:Hi
My husband and the man he works with have always been Sole Traders. Sub contracting through CIS Scheme.
Other man is now setting up as a limited company and my hubby is going to continue to subcontract through new limited company
https://www.gov.uk/guidance/check-employment-status-for-taxJEvans_2 said:Other man is now setting up as a limited company and my hubby is going to continue to subcontract through new limited company
They have asked him to go share the cost of buying a van. My question is where does he stand? I presume they won't be able to claim costs back through the new company? Will they need to buy the van in both there names? Any advise would be great0 -
Hi
He will be still a Sole trader and subcontracting to the ltd company.
He is not a director or Shareholder.
He will be working with the director himself who will be using the van more than him. Usually gets picked up and dropped off by him
Thanks0 -
Would it not be easier for the Ltd to buy the van, or is it that the other guy can't afford it so wants a contribution?0
-
JEvans_2 said:He will be still a Sole trader and subcontracting to the ltd company.
He is not a director or Shareholder.
He will be working with the director himself who will be using the van more than him. Usually gets picked up and dropped off by him1 -
DullGreyGuy said:JEvans_2 said:He will be still a Sole trader and subcontracting to the ltd company.
He is not a director or Shareholder.
He will be working with the director himself who will be using the van more than him. Usually gets picked up and dropped off by him
Just need to sit down and hash everything out
Thanks0 -
JEvans_2 said:Hi
My husband and the man he works with have always been Sole Traders. Sub contracting through CIS Scheme.
Other man is now setting up as a limited company and my hubby is going to continue to subcontract through new limited company
They have asked him to go share the cost of buying a van. My question is where does he stand? I presume they won't be able to claim costs back through the new company? Will they need to buy the van in both there names? Any advise would be great
Thanks
J
Why does your husband's mate think he should pay half the cost of the new Ltd acquiring a van?
Would your husband pay half the cost of a van for your mate?
Would your husband pay half the cost of a van if he worked for a regular company?0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards