Policy paper

Corporation Tax: loans to participators, trustees of charitable trusts

This legislation is about loans or advances made to participators on or after 25 November 2015.

• From: HM Revenue & Customs
• Published: 25 November 2015

Documents

Corporation Tax: loans to participators, trustees of charitable trusts

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Draft clause

PDF, 37.2 KB, 1 page

Draft explanatory notes

PDF, 64.5 KB, 1 page

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Details

This affects some close companies (broadly companies controlled by 5 or fewer participators) which are part of an ownership structure which includes companies, trustees and a charity and which make loans or advances to their participators (broadly their shareholders).

Published 25 November 2015