Lenders of money are not all ‘money lenders’
Taxpayers’ actions need to back up what they claim to be. In many groups of companies, intra-group loans make sense as a way of funding the operations of the group.If the funds are sourced from outside the group by a borrower entity and then on-lent to other companies within the same group as the borrower, […]
Interest free loans to directors
It is very often the case that a company extends an interest free or low interest loan to a director. This manifests either as a true incentive or benefit to that director (mostly the case in larger corporate environments) or in a small business environment in lieu of salaries paid. The latter is especially the […]