Mate co s can loan money interest free to employees , the only liability is the tax on what you would have paid
Eg borrow 400k interest free the tax liability will be
What interest would have been so
Say 5% interest on 400k 20k
tax on the interest pf 20k at 40/50% 8-10k
That's what he'd have to pay or
The loan
Eg borrow 400k interest free the tax liability will be
What interest would have been so
Say 5% interest on 400k 20k
tax on the interest pf 20k at 40/50% 8-10k
That's what he'd have to pay or
The loan

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