Despite falling inflation, the Bank of England says it won’t rush to reduce interest rates. So, if you need a loan and your company has available cash is it cheaper and more tax efficient to borrow
from it instead of your bank?
Published 29.11.2023
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
New rules apply to most directors who borrow money from their company. Until now if they repaid this within nine months of the end of its accounting period, no tax charge would arise. What’s changed?
Published 31.05.2013
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
The personal tax cost of borrowing from your company is currently quite low. However, when the time comes to repay the loan there’s a neat trick you can use to reduce it further. What is it and how
does it work?
Published 21.01.2015
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 your company lends you money, it might face a tax bill as a result. You can get your company off the tax hook by repaying the loan. But if money is tight and repayment isn’t possible, is there
another way to dodge this tax?
Published 08.12.2010
If you borrow money from your company it can result in a tax charge. HMRC allows you and your company to use different methods to work out the taxable amount. Which is the most tax efficient?
Published 30.04.2020
If you borrow from your company and don’t repay the debt within a set time it will have to pay extra corporation tax. The good news is there’s a legitimate way to avoid it without repaying the loan.
How is it done?
Published 22.01.2016
You need to borrow money to pay for home improvements. Your company will advance you the cash if you pay it interest at HMRC’s official rate to prevent a benefit in kind. How can a little-known tax
break protect you from interest rate rises?
Published 04.10.2022