Stewart Associates (Shrewsbury) Ltd
Emstrey House (North), Shrewsbury Business Park, Shrewsbury, Shropshire, SY2 6LG.

Telephone: 01743 235236   Email: enquiry@saltd.co.uk

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21 February 2014

Directors Loans

In 2013 HMRC tightened the rules on Directors Loans which ate repaid and subsequently advanced. However these rules do not apply where the loan is less than £15,000. Husband and wife are independent for this purpose so £30,000 can be advanced without invoking the new rules. There are interest implications where a company lends money although this does not apply where the loan exceeds £10,000 per individual with effect from April 2014.

 

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    01743 235236




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