Tax Free loan to Director

[Tulash]

Hello Group,
Is there any change taken place on tax in terms of Loan to Directors on Limited Company? Particularly the Amount Limit? I am aware of that it used to be up to £10,000. Thanks for keeping me up to date.

[bd6759]

Company pays tax at 25% (increasing to 32.5% this year).

Director pays tax on the notional interest. Loan is exempt from this if under £10,000.