Originally posted by Rosco
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Hi Ross
Yes, an LTC would work well, although with the loss limitation rule for LTCs (which you have gone into further detail in another post).
For the overdrawn current account, in this case, yes it would be a large credit. However, for other people browsing it needs to be a consideration that they don't just put property in a company and assume there is no overdrawn current account. In most cases there wouldn't be - but an issue to be aware of.
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