Milan Sincic
Joined: 2/27/2024
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RE: Tax on loan to overseas company
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 -
Tax on loan to overseas company
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?