Putting money from a family member into my business

What is the best/most tax efficient way to put money into my business from a family member?

If I took an interest-free loan at 50k and 50k at 6% simple interest loan from the same family member. The loan at 6% would be within the family member's capital gains allowance. My main question is surrounding the 50k interest free and would anyone have suggestions how to handle that portion. The interest-free loan will not kick in for a few years the 6% interest loan will commence on receipt on the funds

Thanks

ac-invest said:

The loan at 6% would be within the family member's capital gains allowance

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Few points.
50k @6% is 3,000. This is outside personal capital gains allowance.
In any event that's not relevant, as interest income would be subject to income tax.

How is your business structured? Is it a company or sole trader?

For some reason I thought it was €3,000 allowance. It's a company. Any other ideas for funding without creating a tax burden on the company or the lender? Even if it's interest free. If interest free, is there any problem with me paying them back out of company from a tax point of view?

But surely the family member is better off receiving taxable income than no income? Its tax deductible for the company within limits.

There are lots of anti-avoidance measures in place, so not many simple options. Would family member become a shareholder?

Make sure you are familiar with section 237 of the companies act re loans from connected parties.