Nichola Ross Martin's Tax Consultancy

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Home Directors What expenses can I claim? Can I charge interest if I lend money to the company?

Can I charge interest if I lend money to the company?

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Can I charge interest if I lend money to the company?

Does the company have to deduct tax and pay interest net?

Can the company pay me interest gross?

  • When a director or other individual makes a loan to his company, he may charge it interest.
  • Providing interest is not excessive and is paid within a certain timeframe the company will also obtain Corporation Tax relief on interest paid to the director as a deduction from its profits. 

See Interest: paid to directors and individuals

 

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