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
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
If you’re lucky enough to have £50,000 in the bank, you can receive interest without tax being deducted. However, the Budget announced the end of this tax break. Are there other ways to receive gross
interest, and on much smaller deposits?
Published 18.04.2011
You’re thinking of personally raising some finance for your business. How can you make sure you get a tax deduction for any interest paid on this loan? Are there any traps for the unwary? Strictly
business
Published 21.10.2004
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
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
Interest rates on savings are currently derisory, yet your business is paying through the nose for its overdraft facility. Can you use your personal money to save your company costs and generate
tax-efficient income?
Published 31.03.2017
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
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
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