Market leading insight for tax experts
View online issue

Close company loans and participators

Speed read

Close company loans to participators incur a special tax charge. Close company loans to participators are entirely distinct from loans by participators to close companies. In the former situation the participator is a debtor of the close company. In the latter, the boot is on the other foot, and the close company ends up owing or paying money to the participator. However, the distinction between the two situations would appear sometimes to be missed in practice, causing undesirable and unnecessary confusion.

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.