My client's property letting company has been claiming interests payable on private loans (to buy properties) as expenses for Corportation tax purposes for the past 5 years.
A client bought a business using loan arrangement in his own name - loan still has 6 years to run
He then incorporated this business - he could not do it when he bought it
I have a client in which the director took out a personal loan and then advanced this to the company. The accounts show that the income tax withheld has been deducted as the company pays the inter
The director of a (close) company of which he is the main shareholder, has his current account over drawn. Not enough reserves to give dividend.
Everything you need to know about the new penalty regime that applies to senior accounting officers (SAOs) from 21 July 2009.
Why can't I download a CT61?
My client is a company director with (following the rush to crystalise taper relief) a large director's loan account.
- CT61 6,896 3
- Tax penalties for senior accounting officers 6,309
- Form CT61 5,390 1
- Income tax withheld but not reported via CT61 1,699 1
- HELP - How to proceed - Unpaid Interests on Company Loan write off 1,655 2