Hi, How do we treat a credit from my lender (via conveyancing legal firm) due to equity release from a property remortgage? What nominal code typically covers this?
Hello @Greenleaf
This is not something the support team can help with I’m afraid.
This is a query best suited to your accountant for professional tailored advice.
However I will leave this thread open for now as there are accountants on the forum who may wish to comment.
Are you a sole trader or limited co
We are a lmited company
If the remortgage is in your name and funds introduced to the limited company, then you could treat it as a directors loan. This can be tagged as a bank transfer to directors loan, which in Quickfile is treat as another bank account.
This topic was automatically closed 14 days after the last reply. New replies are no longer allowed.