Directors’ loans can be tricky from a tax perspective. Specific tax charges apply where loans to director shareholders of close companies (broadly those under the
If economic advisers are to be believed then we are heading into a recession lasting at least a year and every recession brings with it
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
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