Question asked:


Dear Alan,
A Company cannot obtain credit facilities. However, a Director of the Company can secure the required finance.
If a loan is issued in the Director’s name but then used to fund the purchase of an asset for the Company, is the interest on the facility tax deductible in the Company Accounts?
You might please clarify the situation here.
Thanking You

Marked as spam
Posted by (Questions: 69, Answers: 16)
Asked on 6 March 2018 5:27 pm