Limited company low earnings

by mikejac at 15:12 13/01/14 (Letters from Freelancers)

Limited company not earning enough to cover running expenses.

Suppose, in a year where a limited company has not earned enough to cover it's running expenses, the director therefore has to cover the deficit from his own resources. Could that be viewed as a negative director's loan? Could the director then claim tax relief on these contributions? -- mikejac

This article was printed from Shout99.com
Copyright 1999-2015 Shout99 Ltd
All Rights Reserved