Withdrawing Funds when a Company owes Money to the Director

[jammy99]

Hi All,
If I personally lend my BTL Ltd company £250k and use that cash to purchase two houses (each with a company BTL mortgage). I then have £250k in the Directors loan account, where the company owes me personally £250k.

After 12 months the two properties bring in say £30k in rent. Of this, £15k is reinvested into the company to overpay the mortgages.

Can I withdraw the remaining £15k from the company directors loan account – to leave zero profit (to tax) in the company?

OR is the remaining £15k deemed as profit, taxable at 19% (£2,850) to leave £12,150, before it can be paid out of the directors loan account?

Will I receive £15,000 or £12,150 from the directors loan account.
In a nutshell does the directors loan account pay out before or after corporation tax has been paid.

Thanks In Advance

[bd6759]

Repaying capital is not an expense. The company will pay tax on £30K profits.

[AdamS93]

As above, repayment of loans is not an expense as on the contrary the receipt of a loan is not taxable inccome.