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Search results: 5 article(s) found in topic: Companies - keyword: Close

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LOANS

Business loans - can the Taxman refuse a deduction?

Where you take out a loan to inject money into your company, you can claim a tax deduction for the interest you pay. But if there are other shareholders, in some cases you might not get tax relief. When does this trap apply and can you avoid it? More...

INVESTMENTS

A new home for your investments?

One of our subscribers asked whether the falling Corporation Tax rate compared to the recently increased income and Capital Gains Tax rates can make a company a tax shelter for investments. What’s the answer? More...

PROFIT EXTRACTION

Can your company make a tax-free gift?

One of our subscribers came up with a neat plan to dodge the benefit-in-kind (BiK) rules when transferring assets from his company. He reckoned that by passing them direct to his wife he could save both tax and NI. But was he right? More...

CORPORATION TAX - LOANS

Taxed for using your own money

You lent your company money to help when it first started trading. Recently you needed some of it back and the Taxman is now claiming that you and the company owe tax as a consequence. How should you respond to this? More...

CORPORATION TAX

Director made personally liable for CT

In a recent case a company had underpaid its Corporation Tax (CT) bill and then several years down the line the Taxman sought to collect that tax from the company’s director personally. How can you protect yourself from this? More...
Last updated: 18.10.2018

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