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
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
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
Directors can indefinitely borrow up to £10,000 interest free from their companies at no tax cost to themselves. The trouble is the company will have to pay tax and tough anti-avoidance rules apply.
Is there a way to legitimately avoid them?
Published 07.01.2019
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
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
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
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
To ease cash flow you’re leaving the dividends due to you in the company. But you want it to pay interest for having the use of your money. The trouble is it can’t afford to pay that either. Does the
tax system offer a silver lining to this cloud?
Published 29.03.2010