Hi All
Wondered if anyone can help with this? I intend to apply for ILR by the end of the year under the Tier 1 general route. I work as a contractor (earning via LTD company)
My 15 month earning period will be 30th August 2014 – 31st October 2015 (Then 12 consecutive months would be 1st Nov. 2014 – 31st October)
Here’s the grey area for me:
My ltd company financial year end is every 31st of October; so the company declared a profit of all its earnings between October 2013 – 31st October 2014, which I left in the company as a reserve into the new financial year (2014/2015) which I took in December 2014 as dividend ( which is within my 12 consecutive earning period).
So My question is: even though the reserve/profit was earned by the company in 2013/2014 financial year, will home office have any objection to me taking a profit that was made by the LTD company outside of my 12 consecutive month.
Thanks in advance and I hope I was able to explain my self clearly
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