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If I lend money to my company can I charge interest?
\\nShaz looks at a question from his community about the interest and tax implications of lending money to your company
\\nThere are things several things to consider in this situation around whether you will need to pay income tax on any interest and this depends on your personal situation.
\\nYou can charge interest if you want or not if you don’t, you can design and control the situation to suit you.
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KEY TAKEAWAYS
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BEST MOMENTS
\\n‘There is quite a lot you can do so you don’t pay any tax on the interest personally’
\\n‘If you want to charge interest you can and if you don’t then that’s fine’
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VALUABLE RESOURCES
\\nshaz@aaa-accountants.co.uk
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ABOUT THE HOST
\\nShaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
\\nShaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
\\nHe is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
\\nYou can find Shaz on:
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This show was brought to you by Progressive Media
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