I have loaned my company money and in the loan agreement I have requested that the loan be paid back to my children.
I have two questions
1. From an IHT perspective is the Potentially Exempt Transfer date, the date that I loaned the company money or the date that the children will receive the money
2. Can the children receive the money tax free, as i would if the money was paid back to myself as director.
Any help is appreciated.