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
HMRC won’t allow you tax relief for interest you pay on loans used to buy or improve your home. But if you’re an owner manager of a business, you might be able to obtain relief by the back door. How
is it done?
Published 16.03.2018
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
Where you borrow money from your company it counts as a taxable perk. The tax can be avoided by paying interest on the loan, but is it tax efficient or are you better off taking the tax hit?
Published 18.09.2017
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
One of our subscribers asked whether the falling Corporation Tax rate compared to the recently increased income and Capital Gains Tax rates can make a company a tax shelter for investments. What’s
the answer?
Published 02.09.2010
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
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
You’ve built up the value of your company over many years, meaning the shares you own in it are now worth a tidy sum. How can you use this capital to obtain some extra tax relief?
Published 22.01.2013
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