A client (without consulting us!) went out and bought business Goodwill, F & F and Leasehold prenmises and started trading as a Limited Company.
The Loan is the personal names of the two directors.
How can they claim interest relief on this loan? Can they claim it on the Ltd Co ? If not, how and where do they claim this on their personal Tax Return?
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Additional Info pages
It goes in box 5 on page Ai 2 and they get relief in the form of a deduction from income.