LOANS
Giving away shares in a family company - income tax trap
You started your company using a bank loan on which you claim tax relief for the interest you pay. The business has grown and you want to bring other family members in by giving them shares. Why might this increase your income tax bill?
Access to this part of
Tips & Advice Business Database is only available to subscribers.
Don't have a subscription?
Subscribe now for immediate access to all the features.
Subscribe