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  • Beneficial Loan - Personal Tax Implications?

    One of my friends has invested in my husband and I and provided us with a loan to buy a flat that we will pay inflation on. He also happens to be the Managing Director of the company that I work for. It's been suggested that I would need to pay tax on a monthly basis that I will be able to claim back once the loan is paid off in full? Is this correct? The loan has come from my friend personally and not through the business and I want to make sure I'm following all procedures correctly and it looks as though I could be losing around £300 per month from my wage if this is the case. Thanks very much! Rich