Directors Loan from his Company | AccountingWEB

Directors Loan from his Company

A director wishes to take a loan of £30,000 from his company and repay this with monthly payments of £500 each.

Does this qualify as a benefit in kind? He already draws salary and dividends up to the limit before entering the higher rate tax.

What is the most tax efficient method of extracting this money legally from the company?

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Basic rules

Euan MacLennan |
Euan MacLennan's picture

An interest-bearing loan is probably the best

Discountants |
Discountants's picture

Loan to a director

k whyte |

PMT function in Excel

Discountants |
Discountants's picture