Shout99 : Ask An Expert : Director's Loans

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Director's Loans

by ukmike8 at 15:40 23/03/15 (Ask-Legal-Accounting)

Can directors loans be used to transfer funds from one year to the next. There is a 20% penalty not applied if the loan is paid back in the next year. Then the corp tax would be deferred one year at least. What are any limits ?

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ukmike8

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