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It's possible that while we do research, the company won't do any trading at all for an extended period, though the loans will sit in an interest bearing account so that the money isn't idle - so the company will be initially nontrading, but will have a small profit from interest. Is there any problem with this setup?
I'm not looking for tax optimisation advice in setting this up, I'm just wondering if there's some pitfall like the revenue considering this to be not a real company or some such, and then assessing the interest as our income instead of the company's. I can't see anything in the HMRC manuals that suggest that, but after so many years of finding subtleties in our mind warping tax system I thought I'd ask.
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jacksjpt
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