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  • Tax

    Lending own funds to a LTD Co

    Dear all, is there any benefit in providing director loans to a BTL Ltd Co? as finance many initially be hard to raise?

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    The obvious answer is that you can charge interest. The rule is at 'market rates' but there is no definition. I would suggest the rate bridging loan co's charge. However it is a bit of a faff in that you need to make quarterly returns to HMRC (CT61s).

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    Most (if not all) LTD Company Buy to Let Mortgage Lenders will be happy with a directors loans as it has been generally seen as "good advice" from accountants for a long time.

    I say good advice - as a "loan" from You to Company it enables you to draw down profits from the company tax fee (in addition to other allowances) until it is paid back in full & with reasonable interest.
    You should realy speak to an accountant, not a guy on the internet about tax-planning of your venture though.

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    The above post is not financial advice, its often me rambling - passing time on a coffee break.
    If you are looking for the Best BTL Mortgage? Call the Specialist Team at Bespoke Finance.


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