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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