Bill 13,717 Posted April 6, 2023 Share Posted April 6, 2023 (edited) I think I'm right in saying that the company receives tax relief on any interest it incurs against a loan received from a director, while the director in question is probably being taxed on any interest he receives. I'm sure there's a good reason why loans by a director should have a reasonable coupon ... but at the moment I can't think what it is. Maybe one of our money mechanics can remind me. Edited April 6, 2023 by Bill 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.