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
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
Where your company makes a loan to a director or employee at a low or zero interest rate, this can trigger a taxable benefit-in-kind (BiK). There’s a technique to reduce the tax bill on this. How
does it work?
Published 05.04.2012
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
Where you use your personal credit card to pay for business expenses, simply claiming these back from your company might mean that you’re losing out on a valuable tax deduction. Why, and what can you
do to put it right?
Published 18.03.2011
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
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
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
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