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What are the tax consequences of lending as a business?

  • Business investors can select the appropriate dates to coincide with their year end and accounting period in the My Statements section of My Account.
  • You should provide the Annual Income Statement to your accountant to include in your accounts.
  • Business are required to account for interest receipts on a receivable basis. Accordingly, apportionments of the amounts actually received may be required for accounting purposes.
  • Transfers of loans may give rise to profits or losses under the Loan Relationship rules. This is an area which may require specialist tax advice.
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