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  1. Terryw

    Use of bucket companies after TR2010/3

    I think the terms of the loan will depend on whether security is used. if the loan is unsecured I thin the term is about 7 years, if real property us used as security then up to 30 years, from memory. I guess you can just enter into new loan agreements once these loans have been repaid.
  2. Terryw

    Use of bucket companies after TR2010/3

    You should also consider the asset protection aspects of distributing to a bucket company - who owns the shares?
  3. Terryw

    Use of bucket companies after TR2010/3

    I don't think it is a problem. Just have the company enter into a commercial loan agreement with the trustee and transfer the money back and forth.
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