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Posted Tue, 27 Feb 2024 00:56:11 GMT by Milan Sincic
Hi, I have lent GBP100k to an overseas company I'm 50% owner of. I'm not charging any interest on the loan. The company will pay back the loan in installments of GBP20k over the following 5 years. Do I need to pay any tax when giving a loan or receiving the money back?
Posted Wed, 28 Feb 2024 09:26:36 GMT by HMRC Admin 25
Hi Milan Sincic,
Please refer to:
Director's loans
Thank you. 
Posted Wed, 28 Feb 2024 11:49:14 GMT by Milan Sincic
Thank you for the answer. Just to confirm as there is nothing in the link you attached about the case when there is no interest involved: 1, There is no tax obligation when there is no interest involved 2. Rules when lending money to non-UK companies and UK-based companies are the same from the perspective of a person lending money
Posted Thu, 29 Feb 2024 10:02:20 GMT by HMRC Admin 25
Hi Milan Sincic,
1. No tax to pay as no interest is being charged.
You should however keep records both personally and for the company
2.  Please see:
CTM61710 - Close companies: loans to participators: companies controlled by a close company
Thank you. 

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