The loan offer from your company’s bank seems expensive. However, you can personally raise some cheaper finance for your business. How can you make sure you get a tax deduction for any interest paid
on this loan?
Published 01.03.2007
Your business needs some funding. As a consequence you write a cheque for £30,000 from your offset account to your business account. How can you make sure you get a tax deduction for the extra
interest you incur?
Published 06.07.2006
A friend has told you that he’s claiming tax relief on interest he’s paid on a loan he took out to pay for a holiday. He secured the borrowing on his home to get a lower rate of interest. Will the
Taxman really allow this?
Published 08.05.2009
Where you take out a loan to inject money into your company, you can claim a tax deduction for the interest you pay. But if there are other shareholders, in some cases you might not get tax relief.
When does this trap apply and can you avoid it?
Published 31.05.2012
A few years ago you personally borrowed money to help your company through a sticky patch. A colleague says that you could claim a tax deduction for this. Assuming he’s correct, how much tax relief
can you claim?
Published 16.10.2019
Buy-to-let landlords and business owners may be able to reorganise their finances to get tax relief on loans to finance their hobbies and other non-qualifying activities. How does this work?
Published 05.07.2007
Two years ago you started a company with a few colleagues. You all agreed to inject some money to get it started, but now you need the money for something else. You could just borrow it, but is there
a more tax-efficient alternative?
Published 14.06.2011
Your business needs extra funds to buy equipment but it doesn’t have a track record for a bank loan, so you personally borrow the money and lend it to your company. What’s the most tax efficient way
it can pay you back?
Published 04.05.2011
Social lending continues to grow in popularity. This isn’t surprising considering the paltry interest rate currently paid by banks. But there’s a little known tax trap that could make a dent in your
return. What is this?
Published 05.03.2013
If you take out a loan to fund the purchase of business premises you’d hope that any interest you pay would be tax-deductible in full. However, any non-business use of the property will affect this.
How can you maximise your claim?
Published 22.06.2006