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Related UK Tax Questions
1. Is it possible for a Ltd company to lend a person or
1. Is it possible for a Ltd company to lend a person or another Ltd company money ? Does they have to be any special circumstances for this to be allowed ? Does the Ltd company have to charge interest… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,374 satisfied customers
I work for someone who owns a limited company and a sole
I work for someone who owns a limited company and a sole proprietorship. We are looking to loan some funds to the sole proprietorship. The loan will be paid back in two month's time.I would like to kn… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,374 satisfied customers
I'm talking to my friend who is the sole owner of a limited
Hi, I'm talking to my friend who is the sole owner of a limited company about borrowing £200k for 6 months to grow my own business. I am happy to pay interest but am trying to understand whether she w… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
My friend is in a dilemma, having sponged off his mum and
HI my friend is in a dilemma, having sponged off his mum and dad for the last 30 years and a bit of cash in hand work, his father is retiring and giving him a small building firm to take over about 3 … read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
1,374 satisfied customers
Hi I have a limited company and have built up a reasonable
Hi I have a limited company and have built up a reasonable sum of retained profits in the company. I am the 75% sherholder my wife holds 25%. I would like to take money out of the company in the most … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I have a property rented out as I have been living with my
I have a property rented out as I have been living with my partner. we are splitting up I have no claim to the current property that we lived in but cannot afford to pay off the mortgage in my propert… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,188 satisfied customers
I have setup a limited company 4 years ago as a company director.
I have setup a limited company 4 years ago as a company director. For tax saving reasons we have only declared up to personal allowance for my salary. I need to raise £100k to do my own house extensio… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Can my limited company lend money to a friend (non director
Can my limited company lend money to a friend (non director and not a shareholder) and charge them interest under a simple loan agreement… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,188 satisfied customers
A friend of mine (who is not UK resident) wants to lend the
A friend of mine (who is not UK resident) wants to lend the money to UK company (he is 100% shareholder of this company). Can he provide this loan on interest free basis? Is it permitted by UK law and… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,188 satisfied customers
Hi. I would like to lend money from my Limited company to my
Hi. I would like to lend money from my Limited company to my 'self-employed' company. Is there any way I can do this without becoming liable for 25% tax?… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
71 satisfied customers
I retired early in Oct 09. My tolal gross income to that point
I retired early in Oct 09. My tolal gross income to that point had been approx £42k with suitable portion in paye at 40% (7 tax months). My pension income for the following 5 tax months was approx £87… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
This question is for SamTax. I wish to give my son 150k to
This question is for SamTax. I wish to give my son £150k to enable him to buy a house with the aid of a £100k mortgage. However if I were to give him absolutely an additional £100k so that he did not … read more
Sam
Sam
Accountant
Higher Officer HMRC
16,052 satisfied customers
Hello, Please can somebody advise me what is an acceptable
Hello, Please can somebody advise me what is an acceptable rate of interest (by HMRC standards) to charge on a Director's Loan. My husband and I put our personal capital into our limited company last … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Can I lend money to an individual with or without interest
Can I lend money to an individual with or without interest personally or from my family business What happens if I don't get payed back, can I write the debt off.… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
If I lend my daughter 40,000 which she will repay monthly
If I lend my daughter £40,000 which she will repay monthly over five years what are the tax implications for me. Do I have to report this? I am retired and a low rate tax payer.… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
I have a 100,000 in a british bank accountand have not yet
I have a £100,000 in a british bank accountand have not yet as invested it. I also have £2,000 in a government bond and £37,000 in shares, which made £1,000 return last year. Do I have to fill in a ta… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
if you are trading in forex and i lend you money as aprivate
if you are trading in forex and i lend you money as aprivate person ,and you pay me back the money monthly plus 4% interest how do i declare it to tax and what % will i have to pay.thanks… read more
Sam
Sam
Accountant
Higher Officer HMRC
16,052 satisfied customers
I have invested as part of my previous bonus pool into a co-invest
I have invested as part of my previous bonus pool into a co-invest scheme run by my company. The details of the co-invest involved me pledging my bonus (prior to taxation) i.e 10k and the company leve… read more
Sam
Sam
Accountant
Higher Officer HMRC
16,052 satisfied customers
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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