Originally posted by Jessica@WhiteFieldTax
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I just want to make this completely clear. Is this right? :
- if you pay back within the account period, then you dont pay the 25%
- if you pay back within 9 months after the account period, then you pay 25%, and then reclaim this back in a future CT return
- if you pay back after the 9 months, then you pay 25%, but cant reclaim this back
And how about the £15,000 limit? So what happens if the loan is more than £15,000?
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