directors loan account

could anyone refresh me on the relevance of each of the loan balance/beneficial loan account rules?

everyone seems to take a different angle on this. 

beneficial loan rules:

3

Has anyone dealt with the write off of an overdrawn directors loan account where the director is the sole shareholder of the company.

1

Hi Folks

Some alternative points of view and solutions greatfully received

Hi everyone

Here's one for you.....

Property investment company, owned by one family.  Mum & Dad are majority shareholders and are looking to exit. 

2

Can a director be self employed in his own company, especially if this is his only source of income ?

7

if there is an accounting period of say 16 months and the director takes a loan in month 1 - do they have 9 moths after the extended period end to repay or 9 months after the CT period re s419

1

Hi,

I’m looking at annual accounts for a small company where the directors loan account is in credit (company owes directors).

1

A company director has withdrawn money from the company during the year ending 31 March 2011.

2

I have a company with three directors.

4

Director had an overdrawn current account at end of tax year - nothing declared on a P11D - can we charge him interest on the loan at the statutory rates to avoid any P11D reporting?

 

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