M Me Fein Registered User Messages 26 10 Mar 2015 #1 Director took out a loan in his own name for use in ltd company. The loan is being repaid by company. I have put the loan and repayments through Directors CA. Can the director allow for interest charged by bank on this loan.
Director took out a loan in his own name for use in ltd company. The loan is being repaid by company. I have put the loan and repayments through Directors CA. Can the director allow for interest charged by bank on this loan.
D dublin66 Registered User Messages 250 13 Mar 2015 #2 No - this was allowable up until a few years ago and it has been knocked on the head.