Hi all,
I have a company in which an individual made a loan to the company. There will be charges of interest along the years and an early repayment fee. Would the early repayment fee be treated as a trade expense (and categorised appropriately by looking at what the loan was for) or a capital tax?
Thanks,
Replies (3)
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Edit
Sorry - did not see your clarification before I posted. I don't know the answer for the individual.