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Reply to: Dividend Tax & Directors Loans
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Previously on "Dividend Tax & Directors Loans"
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Bear in mind that if you go over £10k at any stage in the year, you'll have to look at interest rates.
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One wonders whether doing this post April will also attract unwanted attention from HMRC...
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If you are going to take dividend's into the higher rate in the next tax year (repaying the loan), then you would be better off taking the amount as dividend's before 5th April 2016 due to the change in Dividend tax.
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Dividend Tax & Directors Loans
In light of the dividend tax that's due to hit next month how many on here are thinking of making use of a Directors Loan to delay/reduce the tax hit for a while longer.
I've never had a directors loan before but was thinking of taking the maximum of 10k and so long as I pay it back as per requirements jobs a good un?
Am I missing something here (am aware of things like bed and breakfasting etc.)?Tags: None
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