Loan interest relief – Mark McLaughlin

Don’t lose (interest) relief!

Many landlords set up companies to own investment properties. There are several possible reasons, such as increased flexibility of company ownership compared with owning interests in properties personally, and the ability to extract profits by dividends. Financing property acquisitions via a company might be through company borrowings. Alternatively, company owners may borrow funds to invest… Read More »

Gifting shares: The interest relief trap

Many individual shareholders of owner-managed businesses have bought their shares in the company using a bank loan. Alternatively, they may have used the borrowings to inject funds into the company’s trade; or to refinance a loan for either purpose. Jumping the hurdles Tax relief can generally be claimed for interest paid at a commercial rate… Read More »