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Posted Thu, 24 Oct 2024 09:50:44 GMT by SRLTD
Hi
I am making a qualifying loan to my LTD company and plan on deducting the interest from my personal tax in accordance with HS340.
My question is about repaying the loan, does it have to be repaid in one go or can the company make monthly repayments?
Thanks
Posted Thu, 31 Oct 2024 14:38:35 GMT by HMRC Admin 13 Response
Hi
How the loan is repaid will be up to the agreement in place between you and the company.
Just be mindful that when looking into the relief and taxable side of things any repayments are treated as and when they are repaid, not when the full amount has been settled.
Thank you

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