UHY Ross Brooke Chartered Accountants

Tag: s455 tax on directors loans; taxation of loans to associates

Chris Davies Ross Brooke Newbury Accountant

Director’s loans

I am often asked by clients what the implications are for borrowings from the company by directors or more accurately “Participators”. The first issue is the benefit in kind of receiving a cheap loan. If the participator’s loans from the company exceed £10,000, and the participator is not charged interest

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