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Tax of director's loan update - new CPD course

Updated: Sep 28, 2023



Director's loan advert

Refresher and update on the tax of director's loans in this new CPD course.


The CPD tax podcast provides a refresher of the tax issues of director’s loans.



The podcast covers

· A review and refresher of the rules

· Coverage of the bed and breakfasting rules

· Advanced aspects that can cause problems issues


The guest is Ros Martin. Ros is a tax consultant and trainer and used to work for HMRC. Ros is available for consultancy at ww.taxdr.co.uk or ros@taxdr.co.uk


By the end of the course you will be up to date with current legislation on director’s loans




List of contents

2:30 Key issues on director's loans

2:46 s455 Basic review of the legislation

3:13 Close company and participators

3:54 What is a loan?

4:29 Joint accounts

5:03 Netting off loans

5:29 The tax charge

6:02 Repaying the tax

7:22 Director's tax return

8:47 Order of set off of repayments

9:27 Refund of the s455 tax

10:33 Liquidations

10:53 Write off of the loan

11:47 Director dies owing money

12:05 Beneficial loan interest

12:44 Loan interest de minimis

14:17 Bed and breakfasting - the basics

16:57 The 30-day rule

17:56 The second rule / arrangement

21:09 Illegal dividend

22:06 Undeclared sales

24:21 Partnerships and groups

26:38 Incorporation and the Pickles case

32:29 s 464

34:01 Liquidations



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