Corporation Tax: Loans to participators: deferred subscription payments | Practical Law

Corporation Tax: Loans to participators: deferred subscription payments | Practical Law

The First-tier Tribunal has held that the rules on close company loans to participators do not apply to unpaid instalment payments for a share subscription by an individual investor previously unconnected with the company.

Corporation Tax: Loans to participators: deferred subscription payments

Practical Law UK Articles 5-561-9249 (Approx. 3 pages)

Corporation Tax: Loans to participators: deferred subscription payments

by Norton Rose Fulbright LLP
Published on 27 Mar 2014United Kingdom
The First-tier Tribunal has held that the rules on close company loans to participators do not apply to unpaid instalment payments for a share subscription by an individual investor previously unconnected with the company.