
Finance and Accounting
Tax relief on loans to close companies
Family and personal companies are often ‘close’ companies. Broadly, this is one that is controlled by five or fewer shareholders or any number of shareholders
Family and personal companies are often ‘close’ companies. Broadly, this is one that is controlled by five or fewer shareholders or any number of shareholders
Where a close company (or LLP) makes a loan (otherwise than in the ordinary course of a business) to an individual who is a participator