Rate of interest on beneficial loans
Posted by PM | on Mon, 22/03/2010 - 07:22 3515
The rate of interest charged on beneficial loans (known as the “official rate”) was last changed late in the 2008/09 tax year. The rate has been 4.75% since the beginning of the current tax year and HMRC has now announced that Regulations are being laid to reduce the official rate from 4.75% to 4.0% with effect from 6 April 2010.
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