n Personal Finance Newsletter - Interest free loans : nothing to worry about : tax
|Article Title||Interest free loans : nothing to worry about : tax|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Oct 2007|
|Pages||13 - 14|
Many (if not most) small businesses are funded by means of a fairly nominal fixed capital, accompanied by often substantial amounts of money advanced to the entity by its owners. This money is recorded in the books of the entity as a shareholders' loan, and in many cases these funds are advanced to the business free of interest.
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