LOAN TO SHAREHOLDERS (NON-EMPLOYEE)

LOAN TO SHAREHOLDERS (NON-EMPLOYEE)

LOAN TO SHAREHOLDERS (NON-EMPLOYEE)

I have a client who owns 25% of the ordinary voting shares of a close company, but she is not a director or employee nor is she connected to a director or employee of the company. The company has lent her father £25,000 interest-free. As neither her father nor the client is an employee or connected to one, is there still a benefit in kind on the loan? 

 

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