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Company A loaning Company B money

  • 29-07-2019 10:46pm
    #1
    jacksn
    Registered Users, Registered Users 2 Posts: 118 ✭✭


    Hi folks,

    Very general question.

    Company A with 2 directors loans Company B with 2 different directors €1,000

    There is no association or relationships between the 2 companies or the directors.

    Company A doesn’t want it repaid for 5 years and is not charging any interest.

    What, if any..are the tax implications of this arrangement?

    Thanks in advance


Comments

  • #2
    pedroeibar1
    Closed Accounts Posts: 5,108 ✭✭✭pedroeibar1


    jacksn wrote: »

    What, if any..are the tax implications of this arrangement?

    Thanks in advance


    Tax is only one of the issues that need to be considered. Talk to your accountant, bring your memo & arts and your latest financials.


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