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n Personal Finance Newsletter - Interest free loans : nothing to worry about : tax

Volume 2007, Issue 321
  • ISSN :
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Abstract

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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/content/monpf/2007/321/EJC77359
2007-10-01
2016-12-09

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