Tax relief on loans to your company
Are you a director or shareholder who has loaned money to their company to help keep it afloat? Where a director borrows money in order to lend it to a close company, tax relief may be available '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 all of whom are directors. In a close company, the directors and shareholders may borrow money from the comp