LOANS
Is loan interest tax deductible?
Our subscriber borrowed money to provide funds for his company. He’s claimed a tax deduction for the interest paid on the loan, but HMRC has started an enquiry saying that because the company is not “close” no tax relief is due. Is this correct?
Login
Subscribe
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.
