21 February 2014
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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