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Posted Thu, 01 Jul 2021 06:15:26 GMT by Sharon
Hello, A directors loan was invested in a separate company as apart of the SEIS scheme. Does this mean that the loan is a qualifying loan or is it a taxable benefit? Kind Regards Sharon
Posted Mon, 05 Jul 2021 13:09:35 GMT by HMRC Admin 9

Guidance on qualifying loans can be found here:

Qualifying loans

There is also guidance on the exemption for some qualifying loans:  

Exemptions for some qualifying loans

If the loan is not considered a qualifying loan, then normally, it would be treated as a taxable benefit and be reported as such.

Thank you. 

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