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
As a money-making plan a friend has suggested lending some of your personal savings to your company. The idea is that it can pay you more interest than the bank does. It sounds interesting but are
there troublesome tax consequences?
Published 08.04.2021
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
Borrowing money from your company can result in a tax charge for it. This can be avoided by clearing the debt within a time limit set by HMRC. But that’s a problem if you don’t have the cash to do
it. Is there a tax-efficient alternative?
Published 07.09.2022
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
Your business needs a vehicle and some equipment. It will have to borrow to make these purchases. You personally have the cash which you could lend to the business, but might there be a more
tax-efficient option?
Published 06.02.2024
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?
Published 09.02.2022
You inherited some money recently which is sitting on deposit earning virtually no interest. Can you lend some of it to your company and charge it a higher interest rate to generate more income, and
would doing so be tax efficient?
Published 03.12.2021
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
Your new company needs working capital. You could provide it by buying more shares in it or you could lend it the cash. The latter might produce a quicker return on your money plus tax savings. How
can you take advantage of these?
Published 28.03.2019