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Ct61 Form Example

Ct61 Form Example

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Instructions and help about hmrc ct61 form

hi my name is alex i'm a chartered accountant and a tax consultant today we're going to talk about a way to get money out of your company tax-free let's imagine you're buying a property in your limited company typically the way it would work is you get a buy to let mortgage and typically they cover 75 of it say the bank are covering 75 you on the other hand are going to have to cover the other 25 000 pounds or the 25 you will loan your company 25 000 pounds for the transaction to happen to buy a property for 100 000 pounds the bank will charge your interest which will reduce your corporation tax on the company side however the 25 000 pounds that outside that are that is outstanding will earn no interest for you and it will just be sitting in the company as a balance a director's loan this due back to you you could by putting an agreement between yourself and your limited company charge your limited company in interest the interest should really b

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