Can a limited company lend money to a private individual?

Posted by sarodiabdullah PM | on Thu, 12/07/2012 - 16:03 4018 6 comments | report

A director of a Limited company has been asked by his uncle, if his company could lend him some money. Is this legally permissible? What are the tax consequences? Is there a limit as to how much the company can lend ?

Comments

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I don't think that tax is necessarily the problem

frustratedwithhmrc | Fri, 13/07/2012 - 05:54

Fiduciary duties

brianheg | Wed, 18/07/2012 - 11:32

Articles etc

Robin-Shipston | Wed, 18/07/2012 - 11:42

Directors loan

mike_uk_1983 | Wed, 18/07/2012 - 11:43

Purpose of Loan

appacc | Wed, 18/07/2012 - 12:00

Solvency

JohnBanfield | Wed, 18/07/2012 - 22:00