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Company Loan to another Company

  • 29-06-2020 10:51am
    #1
    Da11
    Registered Users, Registered Users 2 Posts: 61 ✭✭


    Hey All

    I have a question - If a company A gives a loan to a company B ( not within a group of companies and less than 10% of it's assets), must the company A charge an interest rate of at least 13.5% ?

    I found the figure of 13.5% as a specified rate on loans from Revenue website, I could be wrong..

    Any help appreciated.


Comments

  • #2
    CiarraiAbu2
    Registered Users, Registered Users 2 Posts: 584 ✭✭✭CiarraiAbu2


    No, the 13.50 rate is for preferential loans as in loans from the company to employees (normally directors).


  • #3
    Da11
    Registered Users, Registered Users 2 Posts: 61 ✭✭Da11


    CiarraiAbu2 wrote: »
    No, the 13.50 rate is for preferential loans as in loans from the company to employees (normally directors).

    Yes you are absolutely correct ,I found this rate in preferential loans article. Very helpful reply thanks!


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