You can take money from your business through the use of company assets for personal or private use.

Do you or your employees use business assets for personal use?

If you, as a director or shareholder or your associates are using business assets for personal use you need to treat these benefits like business transactions.

The most common ways that business assets are used for personal use are as follows.

• If you are an employee of the business, you have access to the use of business assets or benefits that are paid for by the business. For example, non-business use of the business vehicle. Or if the business is paying for your gym membership.
• If you are not an employee of the business, for example a shareholder or associate, you will also have access to the use of business assets or benefits that are paid for by the business.  
• Or if the business transfers business assets to you as an individual. For example, if a company has 2 company cars, both belong to the company, and one is signed over into your name where you now own the car.