An Introduction to Tax Relief on Loan Interest & the Rules for Withdrawing Capital
Introduction
This webinar will provide you an introduction to the principles behind tax relief on proprietor loans.
What You Will Learn
This webinar will cover the following:
- Brief history of key cases
- Old Inspector’s manuals
- New BIM - BIM45700
- New property guidance/PIM
- Logic of HMRC’s case
- Internal reviews - getting it right
- What is HMRCs guidance and why it is not always the end game at tribunal
- How to prove/explain why it is deductible
- False arguments and distraction
- Private expenditure and balance sheet adjustments
- Tax reliefs and overdrafts - business tax relief explained
This webinar was recorded on 21st July 2023
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