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
Your director’s loan account is substantially in the red and likely to stay that way for a while. As this is a benefit in kind you’ll have to pay tax and your company, NI. Both can be avoided if you
pay interest on the debt but would it be tax efficient to do so?
Published 21.09.2022
A friend has told you that his accountant was able to get him tax relief for his home mortgage interest. As relief for this type of interest ended decades ago, how was it possible and might you be
able to do the same?
Published 18.03.2024
With all the fuss over HMRC’s new anti-avoidance rules for loans to director/shareholders, are you overlooking the most important point? Can borrowing from your company still be a tax and
cost-efficient benefit in kind?
Published 21.06.2013
Borrowing from your company can result in it having to pay extra tax, but it can be avoided if you repay the debt within a set time period. What steps can you take to make sure repaying what you owe
is as tax efficient as possible?
Published 16.03.2015
If you’re repaying a personal bank loan that was used to buy your company’s business premises, you’re entitled to tax relief on the interest you pay. But what’s the most tax and NI-efficient method
of claiming this?
Published 09.09.2015
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
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
As a director and major shareholder you use your company credit card to pay for personal expenses from time to time. You can clear the debt by repaying it or get the company to write it off. Does it
matter how and when you do this?
Published 22.01.2019
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