- 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.
What are the tax consequences of lending as a business?
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